Much of the decline was from activity with seasoned mortgages.

Warehouse lending balances at Northpointe Bank increased by 36.3% on an annual basis to $3.94 billion as of the end of June.

"We’re comfortable with risk from many of the sellers out there that are already making those loans and selling them elsewhere," said Jason Harris, co-founder and CEO of Button Finance.

Equity Prime Mortgage, AmeriTrust Mortgage and OCMBC had their DE approval terminated in several regions.

Average condo prices declined by 0.7% on an annual basis as of mid-July, according to Intercontinental Exchange.

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.