Trump Targets Wall Street in Housing Plan to Put Homebuyers First
TL;DR Summary
President Trump signed an executive order to prevent large institutional investors from buying single-family homes, directing agencies to prioritize owner-occupants, impose disclosure and anti-circumvention rules, review related guidelines, and pursue legislation to curb Wall Street’s role in housing; the plan also asks Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower borrowing costs.
Topics:business#executive-order#homeownership#housing-policy#institutional-investors#politics#single-family-homes
- Fact Sheet: President Donald J. Trump Stops Wall Street from Competing with Main Street Homebuyers The White House (.gov)
- Trump signs order to restrict Wall Street firms from buying single-family homes cnbc.com
- Why America’s corporate landlords are not villains The Economist
- Trump Signs Order Targeting Institutional Housing Investors Bloomberg
- Wall Street-backed landlords a target for both Trump and Democrats NPR
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