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.

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.

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.

Servicing profits dropped even more than production income on a percentage basis.

Freddie Mac’s MBS purchases spiked in February and have been relatively limited since then, compared with actions by Fannie Mae.

Rocket Mortgage’s deliveries ebbed 3.4% from July, to $7.76 billion, but its edge over United Wholesale Mortgage expanded as the latter saw a 13.1% monthly decline in GSE sales to $5.81 billion.

It’s the first securitization of home equity loans on the shelf operated by Angelo Gordon, which was acquired by TPG in 2023.

Sridhar Sharma is the new CEO of Sagent, following a nine-month stint in the position by Chris Marshall.