As of July 2025, the overall unpaid principal balance (UPB) across all loan types is $8.964 trillion. Nonbanks significantly surpass banks in agency servicing and originations, with a remarkable 72% share of UPB, climbing to 89% for Ginnie Mae pools. New issuances for nonbanks totaled $481 billion, while banks contributed $74 billion. Delinquency rates are notably high for Lakeview Loan Servicing and Freedom Mortgage. United Wholesale Mortgage leads production among sellers, followed by Pennymac and Rocket Mortgage, collectively comprising about 30% of agency production.
Overall, unpaid principal balance (UPB) remains relatively flat year over year across all loan types, standing at $8.964 trillion as of July 2025.
Nonbanks continue to dominate agency servicing and originations, holding 72% share of UPB across all agency servicing and nearly 89% for Ginnie Mae pools.
Among the top 25 servicers, nonbanks were responsible for $481 billion in new issuances, compared to $74 billion by banks during the first half of the year.
Lakeview Loan Servicing, Mr. Cooper, and Pennymac are the leading servicers by UPB as of July, with delinquency rates highest at Lakeview and Freedom Mortgage.
#mortgage-industry #nonbank-servicers #delinquency-rates #agency-servicing #unpaid-principal-balance
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