Freddie President Michael Hutchins will step in as interim CEO.

Lawrence Yun, chief economist at NAR, said “the momentum for home sales is flashing encouraging signs.”

No immediate replacement was announced for Stanley on Fannie’s board.

Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.

Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.

Michelle Bowman has expressed industry-friendly views on various regulatory issues.

Pulte said that any exit by the GSEs from conservatorship “must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates.”

The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.

“We continue to see nearly zero [non-QM] loans hit the liquidation stage,” dv01 said.

“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.