NVR · 10-Q · 2026Q3 · Full report

Mortgage Banking Performance

NVR INC · 2026-11-04 · Importance 27 · Surprise 14

Mortgage loan closing volume declined 10% to $1.382 billion in the third quarter of 2026 and 16% to $3.789 billion for the first nine months, consistent with lower homebuilding revenue. Mortgage banking segment profit increased approximately $3.0 million, or 9%, to $36.3 million in the quarter, driven primarily by an approximately $4.0 million increase in mortgage banking fees from higher loan-sale gains. Nine-month segment profit declined approximately $7.1 million, or 7%, to $90.7 million. The nine-month decline reflected approximately $6.4 million lower mortgage banking fees, including lower gains on loan sales and title fees, as well as lower loan-closing volume.

Key facts

• NVR's Q3 2026 mortgage loan closing volume decreased approximately $158,000, or 10%, and nine-month volume decreased approximately $738,500, or 16%, compared with the same 2025 periods. source
• NVR mortgage banking segment profit increased approximately $3,000, or 9%, in Q3 2026, primarily because mortgage banking fees rose approximately $4,000, or 8%, due to higher loan-sale gains. source
• NVR mortgage banking segment profit decreased approximately $7,100, or 7%, for the first nine months of 2026, primarily due to mortgage banking fees declining approximately $6,400, or 4%, from lower loan-sale gains, title fees and loan closing volume. source