Rocket’s acquisition of Mr. Cooper and Pennymac’s pending acquisition of Cenlar have prompted some changes in market share. M&T Bank posted a sharp increase in subservicing in the second quarter. (Includes data table.)

The GSEs’ share of servicing topped out at 50.4% in March 2022 and has declined each quarter since then. (Includes two data tables.)

The increase in the delinquency rate in the second quarter of 2026 erased improvements seen in the first quarter. Delinquencies are also expected to rise through the end of the year. (Includes two data tables.)