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Annaly Capital Management’s purchases of loans and servicing contributed to a profitable second quarter above most consensus estimates, but its executives said that’s in part because it’s taking a measured approach. Processing Content The real estate investment trust, whose Onslow Bay unit is a top buyer of conventional mortgage servicing rights and a significant nonagency […]

PulteGroup saw earnings fall again in the second quarter, reflecting a housing market constrained by high mortgage rates and affordability issues. Processing Content The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million, or $3.03 per share, in the second quarter of last year but still more than analysts

Key insight: The Main Street Capital Access Act passed the House in a 270-155 vote.  Forward look: It’d be very difficult to get new legislation through the Senate, especially with the opposition of Senate Banking Committee ranking member Sen. Elizabeth Warren, D-Mass., but the bipartisan appeal of the vote signals that some of the provisions