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.

This is PennyMac's second prime jumbo MBS of 2025.

FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.

Knock has issued a $100 million bond backed exclusively by bridge loan products.

The deal size increased by nearly 30% compared with Rocket's initial plans.

Libby Cantrill, a managing director and head of public policy at PIMCO, warned that the administration’s concept is beset with problems.

Sens. Bill Cassidy, R-LA, and Cory Booker, D-NJ, are seeking feedback on potential reforms to the National Flood Insurance Program.