Trump promised to release Fannie Mae and Freddie Mac from conservatorship and privatize them, retaining the implicit guarantee--not because it benefits consumers--but because it benefits him, and those who supported his political resurrection.
Trump's plan for the GSEs will almost certainly end with privatized profits and socialized losses; huge gains for certain private equity firms and wall street, but only a downside for mortgage consumers and taxpayers.
Learn why the implicit guarantee will leave taxpayers holding the bag for inevitable bad behavior on the part of Wall Street and mortgage lenders, how private equity players are manipulating policy to line their own pockets, and how key administration figures are paving the path for it.
How will the plan impact affordable housing, mortgage interest rates and lending standards, and shape the American dream for millions of families?
https://realestateinthedistrict.com/blog-privatized-profits/
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