The district court sided with the Trump administration, determining that the employees failed to plausibly allege a claim for retaliation under the Fair Housing Act.

Annually, home prices were up 2.6% in July, according to FHFA.

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.

“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.

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 working group at the National Association of Insurance Commissioners proposed harsh treatment of multi-collateral structured credit investments at insurance companies.

Rocket’s acquisition of Mr. Cooper and Pennymac’s pending acquisition of Cenlar have prompted some changes in market share. M&T Bank posted a sharp increase in subservicing in the second quarter. (Includes data table.)

Lawrence Yun, chief economist of the National Association of Realtors, pegs 7% interest rate as “the new normal.”