Latest News

Jumbo Mortgages Gain Originations Share in Second Quarter
September 18, 2026
Jumbos accounted for 18.8% of originations in the second quarter of 2026, the highest share for the products since late 2022.
Senate Committee Advances Johnson’s CFPB Director Nomination
September 18, 2026
Brian Johnson could be confirmed in a matter of a few weeks, according to an industry attorney.
MBS Investors, Lenders Ponder GSE Score Disclosures
September 18, 2026
The GSEs’ scores appear to be higher than Classic FICO scores.
Verus Expanding Into Prime Non-Agency MBS Issuance
September 18, 2026
The planned $309.7 million prime non-agency MBS from Verus Mortgage Capital differs in a number of ways from its expanded-credit MBS issuance.

Earnings
Banks’ Mortgage Income Down in First Half
Mortgage-banking income declined by 6.1% on an annual basis in the first half of the year. At Chase, the largest bank in the mortgage market, a drop in servicing revenue more than offset an increase in production revenue. (Includes one data table.)
Repurchases
Mortgage Repurchases by Banks Increase in 2Q
Repurchases and indemnifications by banks and thrifts increased by 16.5% from the first quarter to the second. Repurchase reserves declined by 3.9% during that time. (Includes one data table.)
Federal Home Loan Banks
Big Bank Borrowing Boosts FHLBank Profits in 2Q
An increase in outstanding advances in the second quarter helped offset lower margins at the FHLBanks. (Includes three data tables.)
Agency MBS
Homebuying Boosts Agency MBS Issuance in August
United Wholesale Mortgage was the top seller of agency purchase loans last month, while Rocket Mortgage topped in agency refinances. (Includes two data tables.)
Originations
Retail Lending Takes Some Share From Brokers in 2Q
Retail originations increased by 10.5% on a quarterly basis in the second quarter of 2026. That pushed the channel’s share of total first-lien originations to 53.7%. (Includes six data tables.)
Jumbo
Non-Agency Jumbo Lending Increases in Second Quarter
Non-agency jumbo mortgage production increased by 25.0% on a quarterly basis in the second quarter to an estimated $90.00 billion. (Includes data table.)

Inside Mortgage Finance

Jumbo Share of Originations Highest Since 2022
The jumbo share of first-lien originations increased from 16.4% in the first quarter of 2026 to 18.8% in the second quarter. Large banks and nonbanks are putting an emphasis on the products. (Includes three data tables.)
Mortgage Rates Expected to Hold as Fed Hikes Rates
The Federal Reserve hiked the federal funds rate by 25 bps this week. The move was already baked into mortgage rates, which aren’t expected to climb much higher even if the Fed hikes rates twice more in the next 12 months.
- Trade Groups Use Social Media to Reach Pulte
- Warehouse Lenders Fighting for Share in Tough Market
More Inside Mortgage Finance

Inside MBS & ABS

GSEs Disclose Their Proprietary Credit Scores
September 17, 2026
Mortgage industry analysts ponder the impact of new Fannie Mae and Freddie Mac disclosures on the MBS and credit-risk transfer markets.
SFA Working on TRID Grid Updates
September 17, 2026
While the CFPB reviews feedback on its TILA-RESPA Integrated Disclosure rule RIF, the Structured Finance Association is working on updating its TRID compliance document.
VA, Ginnie Officials Discussing Prepayment Speeds
September 17, 2026
Officials at Ginnie Mae and the Department of Veterans Affairs are in discussions on the high prepayment speeds on VA-backed loans, according to an industry source familiar with the agency.
CHLA Renews Call for Ginnie Servicer Liquidity Backstop
September 17, 2026
Congress should act now, while the economy is relatively stable, to create a liquidity facility for Ginnie servicers, rather than plugging holes when the ship is sinking, speakers at an industry event said.

More Inside MBS & ABS

Poll

Inside Nonconforming Markets

Banks Resume Adding to Mortgage Holdings in Second Quarter
September 11, 2026
Total first-lien mortgage holdings among banks and thrifts increased by 0.7% from the end of March to the end of June. During the first quarter, the depositories slightly reduced their mortgage holdings. (Includes data table.)
Carrington Mortgage Expands Guidelines for Non-QMs
September 11, 2026
Carrington Mortgage Services said one of the changes included lowering the eligibility threshold for an alternative-documentation borrower to a FICO score of 550.
Experts Highlight Mortgage Fraud Red Flags
September 11, 2026
Industry experts suggest that mortgage lenders educate themselves on fraud red flags and ensure proper safety procedures are in place.
Non-QM Lender Launches Private Client Lending Platform
September 11, 2026
Mbanc started a private client lending platform to fill an overlooked part of the non-QM market.

More Inside Nonconforming Markets

Videos

Inside Mortgage Trends

Mortgage-Banking Profits on Production, Servicing Decline in 2Q
September 18, 2026
An analysis of earnings reports from 18 lenders showed combined income from production and secondary marketing declined from the first quarter. Servicing income also decreased. (Includes data tables.)
Lenders Seek Changes to AI Oversight in Colorado
September 18, 2026
Lenders are pushing for changes to a Colorado rule that will create new obligations for developers and deployers of automated decision-making technology that materially influences consequential decisions.
Retail Production, Sales by Banks Increase in 2Q
September 18, 2026
Mortgage originations through banks’ retail channel increased by 17.2% from the first quarter to the second. Mortgage sale activity was also up, by 6.7%. (Includes two data tables.)
Opendoor Enters Mortgage Space
September 18, 2026
The homebuying platform’s new mortgage platform adds fixed-rate and adjustable-rate purchase mortgages to its product mix.

More Inside Mortgage Trends

Inside FHA/VA Lending

Ginnie MBS Issuance Down in August as Refi Slide Continues
Refinance volume included in Ginnie Mae mortgage-backed securities slipped for the fourth consecutive month in August as interest rates climbed higher. (Includes two data tables.)
FHA to Accept VantageScore, FICO 10T Starting Jan. 1
FHA plans to begin accepting loans underwritten using the new scoring model on a wide scale, rather than via a limited rollout.
HUD Withdraws Reorganization Plans
The Department of Housing and Urban Development quickly withdrew a cost-benefit document, which outlined reorganization plans.
Trade Groups Voice Concerns Over VA Disclosures
Industry groups urged FHA to flesh out and update the disclosures for VA mortgages that will be added to FHA mortgage applications as a result of Congress’ new housing law.

More Inside FHA/VA Lending

Premium Newsletter Content

Inside Mortgage Trends
Mortgage-Banking Profits on Production, Servicing Decline in 2Q
An analysis of earnings reports from 18 lenders showed combined income from production and secondary marketing declined from the first quarter. Servicing income also decreased. (Includes data tables.)
Inside Mortgage Finance
Jumbo Share of Originations Highest Since 2022
The jumbo share of first-lien originations increased from 16.4% in the first quarter of 2026 to 18.8% in the second quarter. Large banks and nonbanks are putting an emphasis on the products. (Includes three data tables.)
Inside Nonconforming Markets
Banks Resume Adding to Mortgage Holdings in Second Quarter
Total first-lien mortgage holdings among banks and thrifts increased by 0.7% from the end of March to the end of June. During the first quarter, the depositories slightly reduced their mortgage holdings. (Includes data table.)
Inside MBS & ABS
GSEs Disclose Their Proprietary Credit Scores
Mortgage industry analysts ponder the impact of new Fannie Mae and Freddie Mac disclosures on the MBS and credit-risk transfer markets.
Inside the CFPB
House Republicans Formally Introduce CFPB Reform Bill
The bill would place the CFPB under the regular appropriations process, limit its authority to define financial practices as abusive and take away its ability to seek monetary relief in certain circumstances.
Inside The GSEs
GSE MBS Issuance Increases in August
Fannie Mae and Freddie Mac securitizations jumped 11.1% last month, reversing a three-month declining trend. On a year-to-date basis, GSE sales were up 22.5% from the first eight months of 2025. (Includes two data tables.)
Inside FHA/VA Lending
Ginnie MBS Issuance Down in August as Refi Slide Continues
Refinance volume included in Ginnie Mae mortgage-backed securities slipped for the fourth consecutive month in August as interest rates climbed higher. (Includes two data tables.)

Inside The GSEs

GSE MBS Issuance Increases in August
Fannie Mae and Freddie Mac securitizations jumped 11.1% last month, reversing a three-month declining trend. On a year-to-date basis, GSE sales were up 22.5% from the first eight months of 2025. (Includes two data tables.)
GSEs Publish VS4 Pricing Grids, LLPA Reforms Linger
Even though FHFA Director Bill Pulte spent much of last year floating the idea of LLPA reform as a way to lower the cost of a mortgage, the new LLPA grids for VantageScore 4.0 were not accompanied by a reduction in fees for Classic FICO loans.
More Inside The GSEs

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?