NVR · 10-Q · 2026Q2 · Full report

Mortgage Banking Performance

NVR INC · 2026-08-05 · Importance 54 · Surprise 40 · In source text

Mortgage loan closing volume declined 13% to $1,354,713 thousand in the second quarter of 2026 and 19% to $2,407,697 thousand in the first six months. Mortgage banking segment profit decreased 14% to $26,470 thousand in the second quarter and 16% to $54,401 thousand in the first six months. Mortgage banking fees declined 8% to $46,585 thousand in the second quarter and 10% to $92,769 thousand in the first six months, primarily because gains on loan sales decreased. NVR Mortgage Finance sells almost all closed mortgage loans to secondary-market investors on a servicing-released basis, generally within 30 days.

Key facts

• Loan closing volume for the three and six months ended June 30, 2026 decreased by approximately $200,600, or 13%, and $580,500, or 19%, respectively, from the same periods in 2025. source
• Capture: loan closing volume total principal for three months ended June 30, 2026 was $1,354,713 and for three months ended June 30, 2025 was $1,555,280. source
• Segment profit for mortgage banking for the three months ended June 30, 2026 decreased by approximately $4,400, or 14%, from the same period in 2025. source
• Segment profit for mortgage banking for the six months ended June 30, 2026 decreased by approximately $10,100, or 16%, from the same period in 2025. source
• Mortgage banking segment profit was $26,470 for the three months ended June 30, 2026 and $30,825 for the three months ended June 30, 2025. source
• Mortgage banking income before tax was $25,411 for the three months ended June 30, 2026 and $29,616 for the three months ended June 30, 2025. source
• Net gain on sale of loans for the three months ended June 30, 2026 was $37,169 and for the three months ended June 30, 2025 was $39,868. source
• Title services revenue for the three months ended June 30, 2026 was $9,336 and for the three months ended June 30, 2025 was $10,506. source

Impact estimates