Donald Trump, Wall Street
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President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post.
Jacobin on MSNOpinion
Don’t Count On Trump’s Plan to Crack Down on Landlords
Donald Trump is acknowledging that corporate greed is a primary driver of America’s housing crisis and has claimed he’ll move toward banning large institutional investors from buying more single-family homes.
The Trump administration has spent months accusing political opponents of mortgage fraud — targeting Federal Reserve board member Lisa Cook, New York Attorney General Letitia James, California Senator Adam Schiff and Congressman Eric Swalwell.
Trump could also push forward the creation of a 50-year mortgage loan. He has argued that adding two decades to the term of a loan would mean lower monthly payments, though critics have said that it would increase the total borrowing costs. Turner recently said the 50-year mortgage proposal was still being considered by the administration.
For months, the Trump administration has been accusing its political enemies of mortgage fraud for claiming more than one primary residence. President Donald Trump branded one foe who did so "deceitful and potentially criminal." He called another "CROOKED ...
President Trump announced he wants to see the industry regulated at the federal level in an effort to tackle the housing and affordability crisis.