The nonbank’s subservicing volume is down 5.1% from the end of 2024.

While home prices are up, the average loan balance on mortgage applications is declining.

AGNC Investment took a $140 million loss in the second quarter of 2025.

"Your behavior raises significant questions about your judgment and commitment to operating FHFA in a responsible, competent and lawful manner," Sen. Elizabeth Warren, D-MA, wrote to FHFA Director Bill Pulte.

The latest regulatory review centers on banking operations, capital and the Community Reinvestment Act.

Income declined somewhat at the REIT in the first quarter and losses tied to the value of MBS holdings and hedging jumped compared with the first quarter, with extreme volatility early in the second quarter tied to tariff policies.

Goldman has issued two other HELOC securitizations since May 2024, leaning on loans from United Wholesale Mortgage.

Lenders tightened their underwriting standards somewhat in 2024 issuance, dv01 noted.

Delinquencies and loan modifications on securitized non-QMs resumed increasing in May. Issuance from 2023 is performing worse than prior vintages while deals from 2024 have benefited from improved underwriting.

A cornucopia of non-agency MBS hit the market in early July.