Walker & Dunlop Reports Q3 2026 Net Loss Amid Declining Transaction Volumes
Walker & Dunlop (WD) reported a net loss of $37.3 million for the third quarter of 2026, driven largely by $56 million in non-cash valuation adjustments intended to accelerate the exit of legacy repurchased loans. Total revenue fell 12% year-over-year to $298.4 million as transaction volumes decreased due to interest rate volatility and a rise in the Ten-Year Treasury rate. Despite these headwinds, the company saw significant growth in its brokered debt volume, which rose 58% to $7.2 billion as borrowers shifted toward shorter-term and floating-rate structures. The servicing portfolio also grew by 5% to $146.6 billion, providing a stable source of recurring revenue. Management is targeting $20 million in annual operating income improvements through reorganization and headcount reductions.
Topics: Adjusted EBITDA Debt financing volume GSE lending Net loss Revenue decline