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Author Topic: Trump Plan For Home Loans Rattles Watchdogs  (Read 951 times)

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Offline Wingnut

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Trump Plan For Home Loans Rattles Watchdogs
« on: September 06, 2019, 03:48:40 pm »
At its heart, the new Trump administration plan for the home loan market aims to change the rules for the mortgage giants Fannie Mae and Freddie Mac. The two companies are the bedrock foundation for home mortgages in the U.S.

The government created them decades ago to provide a federally backed guarantee on loans to ensure that money would always be available for responsible, qualified homebuyers to get mortgages. They later became largely private companies but have been under government control since the financial crisis.

Now the Trump administration says it wants to make Fannie and Freddie private companies again, make changes to the backstop they provide to the mortgage market, and introduce more competition from other private companies as well.

https://www.npr.org/2019/09/06/758107994/trump-plan-for-home-loans-rattles-watchdogs
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Offline Bigun

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Re: Trump Plan For Home Loans Rattles Watchdogs
« Reply #1 on: September 06, 2019, 04:00:35 pm »
Best news I've read this week if they can get it done!
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Offline OfTheCross

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Re: Trump Plan For Home Loans Rattles Watchdogs
« Reply #2 on: September 06, 2019, 04:17:53 pm »
Well they weren't gonna be in conservatorship forever. Making them private again is fine.
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Offline Wingnut

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Re: Trump Plan For Home Loans Rattles Watchdogs
« Reply #3 on: September 06, 2019, 04:45:36 pm »
The rats will fight this tooth and nail because the idea has been advanced by this administration. 
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