Lenders are examining opportunities to retain more servicing this year as originations are expected to stay steady.

Unemployment and inflation are leading to an increase in delinquencies and foreclosures.

Rocket Mortgage ended the fourth quarter of 2025 with more than $2 trillion in primary servicing, thanks to its acquisition of Mr. Cooper Group. And for the first time a bank isn’t first in owned servicing. (Includes three data tables.)

Nonbank lender Rate expects to expand the use of AI in its originations and sales processes this year.

The fastest-growing sector of the agency servicing market was the cohort with coupons of 5% to 6%, which was up 11.8% in the fourth quarter. MSR with rates above 6% surged to $2 trillion. (Includes two data tables.)

Wells Fargo, Bank of America, and Chase increased mortgage production during the fourth quarter.

The Mortgage Bankers Association expects mortgage rates will remain in a narrow band this year while Fannie Mae forecasts declines.

Kroll Bond Rating Agency said United Wholesale Mortgage’s acquisition of Two Harbors will expedite UWM’s move to in-house servicing.

Mortgages tied to Ginnie Mae accounted for 18.3% of total servicing outstanding at the end of September. Some servicing share shifted away from the GSEs, though Fannie and Freddie still dominate. (Includes two data tables.)

UWM is set to buy Two Harbors Investment in a $1.3 billion all-stock transaction; mortgage broker employment increases in October.