PennyMac Loan Services accounted for 40.8% of the planned $356.1 million issuance, followed by Rocket Mortgage with a 32.8% share and Newrez with a 24.2% share.

Crestline Management is based in Forth Worth, TX, and has $17.0 billion of assets under management.

VantageScore and FICO offer competing research claiming that their respective scores are better.

Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.

Only two of the 11 regional banks saw a sequential increase in profits in the second quarter.

Expanded-credit MBS marketing had paused after Aug. 22.

The bank projected that it will take more than four years to recover the $9.3 million loss tied to the sale of the MBS.

“Today, that value is worth anywhere between $500 billion and $700 billion,” said FHFA Director Bill Pulte. “I think it’s going to be a $1 trillion, and potentially even higher.”

Analysts at Mortgage Capital Trading said the 10-year was up Tuesday due to a court ruling Aug. 29 determining that the Trump administration’s use of emergency powers to implement tariffs was illegal.

Wells Fargo was the top bank investor in Ginnie pass-throughs in the second quarter.