What changed
Preliminary Q3 2026 loan origination volume was $33.4 billion, including $22.8 billion purchase and $10.6 billion refinance, at a gain margin of approximately 124 basis points. Total revenue is expected between $800 and $825 million, with net income of $205 to $220 million and adjusted EBITDA of $170 to $190 million. Full-year 2026 revenue is now estimated at $3.35 to $3.50 billion, lower than earlier expectations on weaker industry origination volume. The company plans to sell $70 to $80 billion of MSRs in Q4 2026 with anticipated proceeds in excess of $1.8 billion, which along with $400 million of gross rights offering proceeds will support paydown of non-funding debt.
Why it matters
Preliminary Q3 2026 loan origination volume was $33.4 billion, including $22.8 billion purchase and $10.6 billion refinance, at a gain margin of approximately 124 basis points. Total revenue is expect
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Oct 23, 2026 08:52 PM ET