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.

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

Annaly Capital Management’s Onslow Bay, the top-ranked issuer of expanded-credit mortgage-backed securities in the second quarter, issued $3.82 billion of expanded-credit MBS, down 8.3% from the first quarter.

The biggest change for Dynex in the second quarter was a sharp reduction in unrealized losses on investments.

Nonbanks held the rights to service 68.6% of outstanding servicing tied to agency MBS as of the end of June.

In late April, Ginnie announced that it would exclude FHA mortgages on trial payment plans when calculating servicers’ delinquency ratios for compliance purposes.

“More rating agencies means more perspectives, and more perspectives means sharper insight for investors," John Beacham, CEO of Toorak Capital Partners, said. “That’s good for issuers, good for investors, and good for the long-term health of the market.”