The correspondent aggregator's volume was up 14.1% on a quarterly basis.

Union Home Mortgage acquired the origination assets of non-qualified mortgage lender AmeriTrust Mortgage Corporation.

Annaly generated $827.8 million of net income in the second quarter, nearly tripling its income from the first quarter.

Mark Begor, CEO of Equifax, dismissed concerns that mortgage lenders are looking at scores from both FICO and VantageScore to determine which score to use with mortgages delivered to the GSEs.

“Incoming data showed that inflation dropped in June, but with oil prices spiking again, that improvement seems unlikely to continue in July data, and mortgage rates are likely to remain higher as a result,” said Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association.

The nonbank increased its Ginnie servicing portfolio by $15.70 billion during the quarter, including $14.35 billion in FHA servicing.

FHA proposed an alternative structure for its partial claims in pursuit of making the program easier for program participants and the Department of Housing and Urban Development's servicer to manage.

The largest holder of mortgage-backed securities among REITs increased its portfolio and boosted profits in the second quarter.

The most frequently cited growth strategy was increasing production from the existing sales team, selected by 75% of respondents surveyed by The Mortgage Collective.

Home prices were up 3.0% on an annual basis in June, the highest annual growth rate in the past 10 months, according to Redfin.