President Trump Considers Making Home Lending Agencies ‘Public’ in Major Shakeup
Ever feel like the American Dream, especially the part about owning a little slice of this great nation, is getting more complicated than assembling flat-pack furniture with instructions written in ancient hieroglyphics? You’re not alone.
For too many hardworking patriots, the goalposts for financial security and homeownership seem to be constantly shifting, often due to forces far beyond their own front porch.
It’s high time we had more say in our own destinies, isn’t it? Less red tape, less bureaucratic meddling, and more good old-fashioned American common sense. Well, patriots, it seems like someone in Washington might just be ready to take a sledgehammer to one of the biggest, most tangled knots in the housing market.
From ‘Donald J. Trump on Truth Social’:
I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public. I will be speaking with Treasury Secretary Scott Bessent, Secretary of Commerce Howard Lutnick, and the Director of the Federal Housing Finance Agency, William Pulte, among others, and will be making a decision in the near future. Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right. Stay tuned!
Fannie Mae and Freddie Mac are huge players in the home loan market. They were taken under government conservatorship – a fancy word for “bailout and control” – way back during the 2008 financial crisis. The idea was to stabilize things, but like many government “temporary” fixes, this one has stuck around for over a decade and a half.
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There have been a few over the past few years wanting to get a mortgage to buy into our building but turned down by Fannie and Freddie even though their credit and background checks were good.
