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Top 10 Mortgage Refinance Companies (New for 2026)


Each year, I compile the top 10 mortgage refinance companies by loan volume.

This means the mortgage lenders closing the most refinance loans in the country versus the competition.

The undisputed leader was United Wholesale Mortgage, or UWM for short, based on the just released data.

Despite being a lender that only works for mortgage brokers, they topped the list for the second year in a row, beating out bitter rival Rocket Mortgage.

Read on to see who else made the top-10 list of mortgage refinance lenders.

Top Mortgage Refinance Lenders (Overall)

Ranking Company Name 2025 Loan Volume
1. UWM $68.5 billion
2. Rocket Mortgage $54.0 billion
3. Freedom Mortgage $19.7 billion
4. Pennymac $15.8 billion
5. Chase $13.1 billion
6. Newrez $10.2 billion
7. CrossCountry $9.6 billion
8. U.S. Bank $9.6 billion
9. Bank of America $9.2 billion
10. loanDepot $8.4 billion

As noted, Pontiac, Michigan-based United Wholesale Mortgage was the best based on closed refinance volume for 2025 (latest year available using HMDA data).

The company relied on mortgage brokers nationwide to fund a whopping $68.5 billion in mortgage refinance loans last year.

That was easily enough to best fellow Michigan-based mortgage lender Rocket Mortgage, which funded just $54 billion.

Rocket is typically #1 in refis, but UWM got their number yet again.

In third was Freedom Mortgage, which specializes in refinances of FHA loans and VA loans. They funded $19.7 billion.

Pennymac and Chase took fourth and fifth with $15.8 billion and $13.1 billion funded, respectively.

The rest of the top-10 list included Newrez, CrossCountry Mortgage, U.S. Bank, Bank of America, and loanDepot.

Top Rate and Term Refinance Lenders

Ranking Company Name 2025 Loan Volume
1. UWM $49.6 billion
2. Rocket Mortgage $26.6 billion
3. Freedom Mortgage $14.0 billion
4. Pennymac $10.9 billion
5. Chase $8.5 billion
6. U.S. Bank $7.6 billion
7. Bank of America $6.8 billion
8. CrossCountry $6.6 billion
9. Newrez $6.5 billion
10. Wells Fargo $4.9 billion

If we fine-tune the top refinance lenders list to rate and term refinances only, UWM still takes the top spot with $49.6 billion funded.

Again, they beat out Rocket Mortgage, which funded $26.6 billion and Freedom Mortgage’s $14 billion.

Fourth and fifth went to Pennymac and Chase, which isn’t surprising because most refinances lately have been rate and term as opposed to cash out.

The rest of the best included U.S. Bank, Bank of America, CrossCountry, Newrez, and Wells Fargo.

You don’t see Wells Fargo in top mortgage lists much anymore, so good for them to sneak back in there.

Top Cash-Out Refinance Lenders

Ranking Company Name 2025 Loan Volume
1. Rocket Mortgage $27.3 billion
2. UWM $18.9 billion
3. Freedom Mortgage $5.7 billion
4. loanDepot $4.9 billion
5. Pennymac $4.9 billion
6. Chase $4.6 billion
7. Newrez $3.7 billion
8. Mr. Cooper $3.3 billion
9. CrossCountry $3.0 billion
10. Armstrong Bank $2.4 billion

Finally, we have the top cash-out refinance lenders based on loan volume. This is when you tap equity while refinancing as opposed to simply adjusting your interest rate or loan term.

You knew Rocket Mortgage was going to win something and this is the category they dominated, as always.

The Detroit-based lender funded $27.3 billion in cash-out refis, taking out UWM and their $18.9 billion in the process.

In third was Freedom Mortgage again, followed by loanDepot and Pennymac.

The lower half of the top 10 included Chase, Newrez, Mr. Cooper (now owned by Rocket), CrossCountry, and Muskogee, Oklahoma-based Armstrong Bank. Didn’t expect that one.

So overall not a lot of diversity in these lists, with just a small handful of large mortgage lenders taking most of the refinance business in 2025.

Do the Top Lenders Have the Best Mortgage Refinance Rates?

Chances are there are cheaper options if you’re looking for the best mortgage refinance rates. And by best I mean lower.

Why? Because smaller, so-called no-name lenders without massive advertising budgets can pass on more savings (from less spending) to their customers.

This is especially true for online mortgage lenders with less overhead that aren’t household names.

So if you’re looking for cheap refinance rates, take the time to look beyond just the names you see on TV or the Internet.

This is no different than shopping for insurance where they rely upon celebrity endorsements to sell you what amounts to a commodity.

Once your mortgage is funded, it’s no different than a mortgage from any other company, other than the interest rate and fees you paid to obtain said rate.

Chances are it’ll be a 30-year fixed that’s the exact same as one you could have obtained elsewhere.

The only difference will be the rate/fees. Do you want to pay more for the same loan, or go with a smaller, competent lender or broker that can help you snag a lower rate?

And one that saves you money each month you hold your loan, which could be years and years.

Read on: Why are refinance rates higher?

Colin Robertson
Latest posts by Colin Robertson (see all)

Brazilian Authorities Block Prediction Markets Kalshi And Polymarket To Ensure Investor Protection


Brazilian authorities have blocked access to leading prediction market platforms, including Kalshi and Polymarket. The move forms part of a larger enforcement effort targeting unlicensed betting-style services, with officials emphasizing the need to shield everyday investors from unregulated risks. Finance Minister Dario Durigan announced the restrictions on April 24 during a press conference in Brasília.

Telecommunications regulator Anatel swiftly acted to take down the websites, rendering them unavailable to users within Brazil by early afternoon.

Reports indicate that between 27 and 28 platforms were affected in total. Durigan explained that these services violate federal betting laws passed by Congress and operate without the necessary approvals or oversight required in Latin America’s largest economy.

The government’s stated goal centers squarely on investor protection. Prediction markets allow users to place real-money bets on the outcomes of future events—ranging from election results and sports matches to cultural or social developments.

Brazilian officials view these platforms as offering “bet-like” products that masquerade as sophisticated financial tools but fall outside both gambling and derivatives regulations.

The Central Bank has reinforced this position, noting that the platforms fail to meet standards for authorized derivatives trading and could expose participants to significant financial harm.

In tandem with the blocks, the National Monetary Council updated its rules to bar derivatives contracts tied to sports, politics, elections, or similar non-traditional underlying assets.

This crackdown arrives amid a national push to address rising household debt and curb the spread of online gambling.

Durigan stressed that protecting citizens’ savings remains a priority as Brazil works to promote more stable and transparent financial practices.

While prediction markets have grown popular globally—particularly for their role in crowd-sourced forecasting on high-profile events—they have not been legalized or supervised locally in Brazil.

As a result, the platforms were deemed to be providing illegal betting services.

For users, the immediate effect is clear: standard access to Kalshi and Polymarket is now cut off.

Although technical workarounds such as VPNs may still allow some connectivity, the blocks significantly limit mainstream participation.

Both platforms had been expanding their presence in Brazil, capitalizing on growing interest in event-driven trading.

Polymarket, in particular, had seen substantial trading volumes internationally in recent years, while Kalshi explored local partnerships before the regulatory shift.

The decision now highlights broader tensions in the evolving world of prediction markets, which sit at the intersection of finance, forecasting, and entertainment.

Supporters argue they offer efficient price discovery on real-world probabilities, but regulators worldwide increasingly scrutinize them for consumer-protection gaps.

As first reported by Reuters, Brazil’s action signals a cautious approach: prioritizing market integrity over innovation when adequate safeguards are absent.

As authorities continue monitoring the sector, the ban underscores a clear message—unregulated platforms offering event-based betting will face swift restrictions. This development may influence how other emerging markets approach similar platforms in the future.



The End of One-Size-Fits-All Enterprise Software


Generative AI is dissolving the economic logic that made standardized enterprise software the only practical choice for most companies. What replaces it will be shaped not just by the rapidly evolving capabilities of this new technology, but by leaders willing to ask a harder question: Which workflows do we actually need to own?



RBI வட்டி விகிதத்தை குறைக்குமா? IPS Finance| HDFC Bank | IPS Finance – 474 | NSE | BSE



In this episode of IPS Finance, we discuss why FIIs are लगातार selling HDFC shares and what it means for investors going forward. The episode also explores whether the RBI is likely to cut interest rates and how it could impact HDFC Bank and the broader market. A clear and concise analysis to help investors understand key trends and make informed decisions.

பொறுப்பு துறப்பு:

இந்த ‘IPS Finance’ பாட்காஸ்ட் நிகழ்ச்சியில் இடம்பெறும் தகவல்கள், ஆலோசனைகள் அனைத்தும் மிகுந்த கவனத்துடனேயே தரப்படுகின்றன. எனினும், எதிர்பாராத நடப்புகளால், சூழலே தலைகீழாக மாறிவிடும் வாய்ப்புகள் வர்த்தகத்துறையில் இருப்பதை புரிந்துகொள்ள வேண்டுகிறோம். எனவே ஆலோசனைகளை செயல்படுத்தும்முன், சொந்தப் பொறுப்பில் முடிவெடுக்கவும்.

Disclaimer:

All information and advice provided in this ‘IPS Finance’ podcast is given with the utmost research and care. However, we ask you to understand that there are possibilities in the market for unexpected events to turn the trend anytime. Vikatan is not responsible for any loss or damage arising in any way from its use. Therefore, before implementing the advice, as investment in securities are subject to market risks, please carry out your due diligence before investing.

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43 Million Americans Have Some College But No Degree — Here’s Why They Left


A new Trellis Strategies survey (PDF File) of 3,182 former students who left college without a credential finds that financial pressure and life circumstances (not academic struggles) are the top reasons they walked away.

This matters because students who leave college without a credential are usually the ones that face the most financial difficulty after leaving school. When you drop out of college, you still owe any you student loan debt you’ve already taken and may face repayment of other aid.

Why it matters: Roughly 43.1 million Americans fall into the “Some College, No Credential” (SCNC) category, including 37.6 million working-age adults. At least 43 states have set postsecondary attainment goals that depend heavily on bringing these learners back.

By the numbers: Among the survey respondents who cited a reason for leaving:

  • 35% pointed to personal finances
  • 32% cited family or personal responsibilities
  • 27% blamed employment pressures
  • 25% said cost of attendance or tuition
  • 24% cited health reasons
  • 19% pointed to academics

The survey reached former students at 58 institutions (25 four-year, 33 two-year) across 13 states.

Sector split: Stop-outs from four-year schools were far more likely to cite cost of attendance (35%) than those from community colleges (20%). Two-year students were more likely to blame work conflicts (29% vs. 22% at four-year schools).

Modern learner reality: The SCNC population skews nontraditional. 72% of respondents worked while enrolled, and nearly half put in 40 or more hours per week. 36% were first-generation college students, and 25% were raising children.

Between the lines: Most students still believe in the value of a college degree. 73% said finishing would improve their career earnings, 70% said a degree would improve quality of life, and 64% called college a good investment. Satisfaction with academics and registration processes was high (91% were satisfied with registration) but cost, financial aid services, and academic advising ranked lowest.

The exit is silent: 71% of respondents never spoke with a faculty or staff member about their decision to leave. That number climbs to 75% at two-year schools. Institutions lose students before they know there’s a problem to solve.

Return plans are mixed:

  • 28% plan to re-enroll at their original school
  • 35% plan to enroll elsewhere
  • 37% have no concrete plans to return

Four-year stop-outs are especially unlikely to come back to the same institution (19%), compared to 32% of community college stop-outs. When asked what support they’d need, students most often named better financial aid information, clearer course and major options, and real academic advising.

How this connects: The College Investor has tracked the affordability crunch pushing students out of school, including the rising cost of attendance to massive changes to federal student aid. The Trellis findings line up with National Student Clearinghouse data showing more than 1 million SCNC adults re-enrolled in 2023-2024, a 7% year-over-year gain. But 2.1 million new stop-outs entered the pool in the same period, so the overall SCNC population kept growing.

The bottom line: The money problem that pushes students out doesn’t disappear when they think about coming back. Institutions chasing enrollment goals will need to lead with affordability, flexible scheduling, and human advising, not just marketing.

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The post 43 Million Americans Have Some College But No Degree — Here’s Why They Left appeared first on The College Investor.

Suspect in DC dinner attack spent several years acquiring guns



The man accused of storming the White House Correspondents’ Dinner spent years quietly acquiring his arsenal, purchasing a shotgun from a Torrance, California, firearms dealer eight months before the attack and a semi-automatic pistol two years earlier, according to a law enforcement intelligence profile reviewed by Bloomberg.

Cole Tomas Allen, 31, bought a Maverick 12-gauge pump-action shotgun from Turner’s Outdoorsman in Torrance in August 2025 and an Armscor semi-automatic pistol from CAP Tactical Firearms in Lawndale in October 2023, the profile shows.

Allen, who earned a mechanical engineering degree from Caltech in 2017 and was pursuing a master’s degree in computer science at California State University-Dominguez Hills as recently as 2025, then traveled cross-country by rail. He took Amtrak from Los Angeles to Chicago and then on to Washington before checking into the Washington Hilton, where he stayed for several days before the attack, Acting Attorney General Todd Blanche said Sunday on CBS’s Face the Nation.

Preliminary evidence suggests Allen was targeting administration officials, Blanche said, though he declined to provide specifics. Allen is not cooperating with investigators.

The attack will likely put new scrutiny on train security. Unlike air travel, passengers are not required to declare firearms on Amtrak. Blanche said investigators have not yet determined how Allen transported the weapons across state lines but pushed back on calls to tighten protocols. 

“I don’t think the narrative here is about changing laws,” he said.

Allen faces two federal charges: using a firearm during a crime of violence and assault on a federal officer with a dangerous weapon. Additional charges are expected, Blanche said. He is scheduled to be arraigned Monday in federal court in Washington.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.

The Smartest Companies Don’t Copy Their Competitors. They Do This Instead



What if the worst parts of your industry were your best opportunity?

Check out All Expiring Credits and Offers


End of Month Checklist

The month of September is almost over, so this is a good time to take a look at any credits and offers that you need to use or take advantage of before the month ends. There are several credit cards that offer monthly credits that expire if you don’t use use them, plus some valuable quarterly, semi-annual and annual credits. So this is a good time to take a look at everything available to you and make sure that you don’t miss anything. 

Hopefully this end of month checklist will help some you cash in on some last minute savings and deals!

Monthly Credits 

  • Platinum Card® from American Express
    • $15 Uber Cash each month for Uber Eats orders or Uber rides in the U.S. ($35 in December).
    • $25 entertainment credit  for Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV. Up to $300 annually. Enrollment required.
    • $12.95 Walmart+ monthly membership credit.
  • American Express® Gold Card
    • $10 dining credit for Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar, and select Shake Shack locations. Up to $120 annually. Enrollment required.
    • $10 Uber Cash each month for Uber Eats orders or Uber rides in the U.S.
    • $7 Dunkin credit (up to $84 annually). Enrollment required.
  • American Express Business Gold Card
    • $20 for purchases at FedEx, Grubhub, and office supply stores. Up to $240 annually. Enrollment required.
    • $12.95 Walmart+ monthly membership credit.
  • The Business Platinum Card® from American Express
    • $10 in statement credits per month for wireless telephone service purchases
  • Amex Delta Cards
  • Marriott Bonvoy Brilliant® American Express® Card
  • Chase Sapphire Reserve
    • $10 Lyft credit 
    • $10 Peloton credit 
    • $25 DoorDash credit ($5 for restaurant orders and two $10 promos for non-restaurants) 
  • Chase Sapphire Reserve for Business
    • $25 DoorDash credit ($5 for restaurant orders and two $10 promos for non-restaurants) 
    • $10 Lyft credit 
  • Chase Sapphire Preferred 
  • Chase United Cards Rideshare Credit
    • United Explorer: $5 in monthly credits
    • United Quest: $8 in monthly credits, $12 in December
    • United Business: $8 in monthly credits, $12 in December
    • United Club Infinite: $12 in monthly credits, $18 in December
    • Club Business: $12 in monthly credits, $18 in December
  • Chase Credit Cards Instacart Credit
  • Chase Disney Inspire
    • $10 monthly credit after spending $10+ on qualifying subscriptions directly at DisneyPlus.com, Hulu.com or Plus.ESPN.com. Yearly activation required.
  • Citi/AAdvantage Executive Mastercard
  • Citi AT&T Points Plus
    • $10 per line monthly discount on AT&T wireless bills and $10 monthly discount on eligible AT&T internet bills when enrolled in AutoPay and paperless billing at AT&T
    • $20 statement credit each billing cycle after spending $1,000 or more on purchases
  • World Legend/Elite Mastercards
    • $10 off your second Instacart order each month
    • $5 monthly Lyft credit after three rides
  • Robinhood Platinum Card
    • $20 Monthly Credit for restaurant purchases. Extra $10 applied to December Credit.
    • $30 DoorDash credit: Up to three (3) $10 off $50 discounts each January and up to two (2) $10 off discounts in every other calendar month.
    • $20 Monthly Credit on autonomous ride purchases. Extra $10 applied to December Credit.

Other Annual, Semi-Annual and Quarterly Credits

  • Platinum Card® from American Express
  • The Business Platinum Card® from American Express
    • $600 Hotel credit ($300 semi-annually) for Fine Hotels + Resorts and The Hotel Collection
    • $150 Dell credit (plus another $1,000 credit if you spend $5,000 at Dell)
    • $200 Airline Incidental Credit every calendar year.
    • $200 credit ($50 quarterly) for purchases within the Hilton portfolio
    • $209 annually in statement credits for a CLEAR® Plus membership
  • American Express® Gold Card
  • Hilton Honors American Express Aspire Card
    • $400 credit ($200 semi-annually) for purchases at participating Hilton Resorts.
    • $200 airline credit ($50 quarterly) for booking direct or through AmexTravel.com
    • $209 annually in statement credits for a CLEAR® Plus membership
    • Free Night Reward upon renewal. Plus Free Night after you spend $30,000 in a calendar year and an additional Free Night Reward after you spend $60,000.
  • Hilton Honors American Express Surpass Card
  • The Hilton Honors American Express Business Card
  • Amex Delta Cards
  • Chase Sapphire Reserve
  • Chase Sapphire Reserve for Business
  • Chase United Cards
    • United Explorer:
      • $50 annual Avis/Budget credit (2x$25)
      • $100 annual United Hotels credit ($2x$50)
      • $100 annual JSX credit
    • United Quest:
      • $80 annual Avis/Budget Credit (2x$40)
      • $200 annual United Travel Bank credit
      • $150 annual Renowned Hotels & Resorts credit
      • $150 annual  JSX Credit
    • United Business:
      • $50 annual Avis/Budget Credit (2x$25)
      • $150 annual Renowned Hotels & Resorts credit
      • $100 annual  JSX credit
    • United Club Infinite:
      • $100 annual Avis/Budget Credit (2x$50)
      • $200 annual Renowned Hotels & Resorts Credit
      • $200 annual  JSX Credit
    • United Club Business:
      • $100 annual Avis/Budget Credit (2x$50)
      • $200 annual Renowned Hotels & Resorts Credit
      • $200 annual  JSX Credit
  • The Ritz-Carlton Card
    • $300 Airline Incidental Statement credit. Must request it.
  • Chase DoorDash Credit
  • Chase Sapphire Preferred
    • $50 annual Chase Travel Hotel Credit
  • Chase Hyatt Business
    • $100 in Hyatt credits each anniversary year (2 x $50).
  • IHG One Rewards Premier Card
    • $50 United TravelBank Credit ($25 semi-annually)
  • IHG One Rewards Premier Business Card
    • $50 United TravelBank Credit ($25 semi-annually)
  • Citi Strata Elite
    • $300 Annual Hotel Benefit for stay of 2+ nights booked through cititravel.com.
    • $200 credit for up to 2 of the following brands: 1stDibs, American Airlines (exclusions apply), Best Buy®, Future Personal Training, and Live Nation
    • $200 Annual Blacklane® Credit ($100 semi-annually)
  • Citi Strata Premier
    • $100 off a single hotel stay of $500 or more (excluding taxes and fees) booked through cititravel.com
  • Citi/AAdvantage Executive Mastercard
  • Capital One Venture X
    • $300 annual credit (based on cardmember year) for Capital One Travel bookings.
  • Capital One Venture X Business
    • $300 annual credit (based on cardmember year) for Capital One Travel bookings.
  • Capital One Venture Business 
    • $50 annual Capital One Business Travel credit.
    • $50 annual advertising or software credit.
  • Bilt Palladium
    • $400 Bilt Travel Hotel credits annually ($200 semi-annually) for bookings of 2 night or more
    • $200 in Bilt Cash annually
  • Bilt Obsidian
    • $100 in annual Bilt Travel Hotel credits ($50 semi-annually) for bookings of 2 night or more
  • U.S. Bank Altitude Reserve
    • $325 annual credit for travel or dining purchases.
  • U.S. Bank Triple Cash Business Card
    • $100 annual credit for recurring software subscriptions after 11 consecutive months of eligible purchases, even if you pay less than $100 in total.
  • Bank of America Premium Rewards Elite Card
    • $300 Airline Incidental Statement credit
    • $150 for lifestyle conveniences including video streaming services, food delivery, fitness subscriptions and rideshare
  • Bank of America Premium Rewards Card
    • $100 Airline Incidental Statement credit
  • Barclays JetBlue Premier Card
    • $300 in annual statement credits on hotels, car rentals, cruises and more with no minimum spend required.
  • Barclays JetBlue Plus Card
    • 5,000 bonus points each year after your JetBlue Plus Card account anniversary
    • $100 statement credit annually after you purchase a JetBlue Vacations package of $100 or more.
  • Robinhood Platinum Card
    • $300 Annual Travel Statement Credit (2x $150 semi-annually).
    • $500 Hotel Booking Credits via Robinhood Travel Portal (2x $250 semi-annually).
    • Oura Membership – $70 value
    • Function Health Membership – $365 value
    • Amazon One Medical Membership – $199 value
    • $200 Health Wearables Statement Credit
  • City National Bank Crystal Visa Infinite Card
    • $350 Airline Incidental Statement credit for domestic airlines.
  • PenFed Pathfinder Rewards Visa Signature Card
    • $100 Airline Incidental Statement credit for domestic airlines.
  • Walmart+ (Free with Amex Platinum)
    • Free Whopper with any purchase every 3 months.

Global bonds set for worst week in a month as U.S.-Iran risks rise




Global bond markets are heading for their worst week in a month as investors grow increasingly uneasy about a stalemate between the U.S. and Iran.

Cryptocurrency Explained: 101 Beginner's Guide For 2025!!



Crypto can be hard to wrap your head around. We would know – we’ve been doing it for over 6 years just on YouTube! That’s why we reckon it’s about time to get back to the basics.

Today’s video explains what crypto is from start to finish in a way that anyone can understand. Whether you’re a crypto veteran or just starting out, this video will help you on your crypto journey.

Enjoy!

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Crypto For Beginners Original Video 👉
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⛓️ 🔗 Useful Links 🔗 ⛓️

► Paper Stock Certificates:
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– TIMESTAMPS –
0:00 Intro
0:40 Cryptocurrency Explained For Beginners
4:26 Different Types Of Cryptocurrencies
8:12 Which Cryptocurrency Should I Buy?
12:45 How To Find 100x Cryptocurrencies
17:07 Top Tips For Crypto In 2025

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #cryptotrading #cryptoforbeginners

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