President Donald Trump’s latest social media put up calling for mortgage giants Fannie Mae and Freddie Mac to spice up homebuilding is sowing confusion in an business already grappling with a stalled market and better development prices.
Trump requested the 2 government-controlled corporations, which collectively again greater than half the residential mortgage market, to “get large homebuilders going” in a Truth Social post on Sunday, however didn’t elaborate on what he had in thoughts. Federal Housing Finance Agency Director Invoice Pulte, Fannie and Freddie’s regulator and conservator, shared the put up on X and vowed that he was “on it.”
