Trump Administration poised to reshape government's role in Fannie Mae, Freddie Mac

2019-08-30T19:15:00-04:00

The Trump administration and lawmakers in both parties generally don’t believe the government should be running in effect two enormous financial companies. Administration officials want to shrink the government’s involvement and return housing finance to a privately run system.

The Wall Street Journal takes a look at how (and why) the Trump Administration is looking to change the federal government's role in overseeing aspects of the nation's mortgage securities market.

According to WSJ, the two government-sponsored entities secure half of the nation’s $10 trillion mortgage market.

Even the wealthy are having trouble buying homes in Silicon Valley, so lenders are offering "zero-down loans"

2016-07-29T14:01:00-04:00

Lenders often give special treatment to the wealthy, of course, but the tech industry has created a particularly ripe crop of clients who are rich or on their way. [...] “Lenders get so caught up trying to stay competitive and finding a market edge, they basically allow greed to overcome common sense ... Easy money does fuel and accelerate the inevitable bubble.”

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Trump Administration poised to reshape government's role in Fannie Mae, Freddie Mac

Even the wealthy are having trouble buying homes in Silicon Valley, so lenders are offering "zero-down loans"