“We’ve been very proactive in seeing the housing market decelerate and trying to be on our front foot,” said Mike Fania, co-chief investment officer and head of residential credit at Annaly.

The distillery was the last tie to the legacy business of Eastside Distilling, a publicly-traded company that acquired a mortgage lender in 2024.

Home prices were down 0.2% on a monthly basis in May, according to FHFA.

The spring homebuying season and some refinance activity helped to boost production thus far this year.

The bill would shift the CFPB director from a voting member of the FDIC's board to a non-voting observer.

The lender had pre-tax income of $3.2 million in the second quarter of 2025, including a pre-tax benefit of $9.5 million associated with legal settlements.

Rocket started offering consumer loans through its RockLoans platform in 2016, in partnership with Cross River Bank.

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Loans one payment past due increased 19 basis points during the second quarter, after declining during the first quarter.

The bulk of the real estate investment trust’s assets are in agency MBS.