Trump's 50-Year Mortgage Won't Help Housing
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The Trump administration is "actively evaluating" portable mortgages to help homeowners keep low rates as home prices remains elevated.
Bill Pulte oversees Fannie Mae and Freddie Mac, and has used that post to make waves, attacking Trump’s foes, ousting ethics watchdogs and making radical policy proposals.
The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move.
President Trump over the weekend floated the idea of introducing a 50-year mortgage – and appears to have the support of the federal housing agency. Here's what they're saying.
A confidant of Bill Pulte, the Trump administration’s top housing regulator, provided confidential mortgage pricing data from Fannie Mae to a principal competitor, alarming senior officials of the government-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.
The Trump administration is proposing 50-year, portable and assumable mortgages to boost housing affordability, but experts are also warning of market trade-offs. Here's what to know.
Lindsey Halligan, the interim U.S. attorney for the Eastern District of Virginia who was hand-picked for the job by Trump, subsequently indicted James after her predecessor declined to do so, citing a lack of evidence.
Details are still sparse, but a 50-year loan could meaningfully reshape a housing market where 30 years is the norm.