In a Truth Social post, President Trump said Pulte will serve simultaneously as FHFA director and acting director of National Intelligence, overseeing national security matters conducted by 18 federal intelligence agencies.

Freddie Mac tools are helping lenders increase efficiency and reduce costs, according to Sonu Mittal, head of Freddie’s single-family acquisitions division.

Purchase-mortgage volume declined 14.3% on a sequential basis, while refinances were up 8.0%. The rise was propelled by FHA refis, which grew 6.2% from the fourth quarter to $24.06 billion.

“There’s a tremendous economic incentive to adopt VantageScore, it’s just gonna take some time to work it through,” said Chris Cartwright, CEO of TransUnion.

Robert Johnson, head of originations at Newrez, said the process went much more smoothly than he expected.

“If [the GSEs] are going to distribute them into securities,” said Bose George, a managing director of Keefe, Bruyette & Woods, “I assume there’ll be some sort of pay-up for these loans, because people don’t know the performance yet.”

Even officials at Experian aren’t sure how many lenders are participating in the pilot.

The GSEs have differing loan level price adjustments for classic FICO and VantageScore 4.0, according to VantageScore.

The GSEs issued CRT deals in March even with economic volatility tied to the war with Iran.

Both VantageScore and FICO claim their scoring models allow lenders to approve more mortgage applicants.