Fannie held $99.79 billion of agency MBS as of the end of August, just $50.0 million more than at the end of July.

While the applications subject of the lawsuit were made to Ameritrust, the defendants perpetrated the same fraud on other lenders involving hundreds of other properties, according to the lawsuit filed in the U.S. District Court for the District of Maryland.

California AG Rob Bonta said on Friday that the court’s decision was “a giant win for consumers.”

Some 82% of recent homebuyers said they would be swayed to work with a lender that offered the opportunity to close a mortgage virtually.

“The disruption created by industry consolidation among subservicers continues to create opportunities,” said Glen Messina, chair, president and CEO of Onity Group, which has a subservicing unit.

Additions of MBS weren't enough to offset a decline in whole-loan holdings.

The most obvious difference in scoring models is that the GSEs’ scores are on entirely different scales.

About 9.5% of the loans in the MBS were subject to an underwriting defect or documentation deficiencies, primarily due to borrower misrepresentations resulting in a miscalculated debt-to-income ratio.

Interest rates on mortgages have risen from 5.98% in late February to 7.03% this week.

A stronger than anticipated report on manufacturing Wednesday convinced a growing share of players in the financial markets that the Federal Reserve will have to hike the federal funds rate again in the coming months.