Decline in mortgage applications; new borrower relationship management tool; mortgage lock volume increases modestly.

The securitization backed by loans for fine art and collectible cars was originally planned for $600 million.

SFA launches survey of fraud detection and mitigation; Housing Policy Council appoints Alexander Jackson; Nada Holdings enters into a $150 million forward flow purchase agreement.

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.)

Citizens Bank maintained its top HEL lender position with $3.10 billion of volume in the third quarter, down 0.9% from the previous three-month period.

Originations of home equity lines of credit and closed-end second liens continued to increase during the third quarter of 2025 but at a slower pace than in the previous quarter.

First-lien originations declined from the second quarter to the third, but the top five lenders boosted their share of production.

Repurchase activity declined by 5.4% from the second quarter of 2025.

The dollar volume of mortgage repurchases by banks declined by 5.4% on a sequential basis during the third quarter. Western Alliance Bank led in loan removals for the second straight quarter. (Includes data table.)

Underwriting for purchase mortgages remained strong while standards for refis loosened somewhat among deliveries to the GSEs in the third quarter.