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Fannie Mae

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politics5 hours ago

Trump targets cheaper borrowing via mortgage bond push and 10% card cap

Trump is pushing to lower consumer borrowing costs outside the Federal Reserve by directing Fannie Mae and Freddie Mac to use their balance sheets to buy $200 billion in mortgage bonds to press mortgage rates downward and proposing a one-year cap of 10% on credit-card interest. The moves aim to ease affordability without legislation or new regulations, but economists warn they could backfire or slow the economy even if mortgage rates dip below 6%.

via Axios|
#credit-cards#fannie-mae#freddie-mac
politics3 days ago

Trump pushes $200B mortgage-bond buy to lower housing costs

President Trump says his representatives will buy about $200 billion in mortgage bonds to push down mortgage rates and make home buying more affordable, funded from liquidity on Fannie Mae and Freddie Mac’s balance sheets rather than Fed/Treasury money. FHFA Director Bill Pulte said the two agencies can execute the purchases, noting liquidity exists even though their reported cash on Q3 filings was under $17 billion, with higher liquidity implied by assets like securities repurchases. The plan’s potential impact is likely modest compared with the Fed’s QE, possibly cutting rates by roughly 10–15 basis points, and timeline details were not disclosed. Trump also signaled more housing initiatives for Davos and has floated limiting institutional single-family home purchases.

via Reuters|
#fannie-mae#freddie-mac#housing-affordability
business2 months ago

Experts Criticize Trump’s 50-Year Mortgage Proposal for Limited Savings

Experts criticize President Trump's proposal for 50-year mortgages, arguing it may temporarily lower monthly payments but could slow home equity building and pose long-term financial challenges, especially for older first-time buyers. The White House states that any policy changes will be officially announced, but analysts see the idea as a potential band-aid rather than a solution to housing affordability.

via Politico|
#business#fannie-mae#homeownership
business5 months ago

Trump Plans IPO for Fannie Mae and Freddie Mac

President Trump suggested the possibility of combining Fannie Mae and Freddie Mac into a single entity called 'MAGA' for a potential stock listing, as the government plans to start selling its stakes in these mortgage giants, which could generate significant revenue. The idea includes the possibility of a combined sale and a new ticker symbol, but details on the structure and government backing remain unclear.

via Axios|
#business#fannie-mae#freddie-mac