U.S. Bank sells mortgages originated by Union Bank; tariffs and interest rates; Mr. Cooper starts MSR fund; Congress plans to address housing.

The bulk of the real estate investment trust’s assets are in agency MBS.

Home price appreciation has been cooling amid elevated interest rates and declining demand for home purchases.

Barry Habib, the founder and CEO of MBS Highway, was appointed to the board of Fannie Mae.

The nonbank originated $37.88 billion of loans in the second quarter, up 31.0% from the first quarter.

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.