Big banks exceeded analysts’ expectations for mortgage origination volume in the second quarter of 2026, posting an average increase of 32% compared to the prior three-month period. The strong performance from depository institutions brings a glimmer of hope for nonbank lenders that are set to report Q2 earnings in the coming weeks.
“The banks’ second-quarter volumes were well above our expectations of a 3% increase in the second quarter and industry forecasts of a 6% increase,” BTIG analysts noted in a report issued Tuesday. “The 30% increase also exceeds the 11% increase in industry mortgage-backed securities (MBS) issuance for details ⇒
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