Trump Management Considers 50-Year โคMortgages,Potential โฃReturn to Public Markets for Fannie and Freddie Mac
WASHINGTON,D.C. – The Trump administration is โexploring a radical shift in homeownership with a proposed 50-year mortgage plan, touted as a potential “game changer” byโ federal Housing Finance agency Director Sandra โขThompson amid escalating housing โฃcosts. Concurrently, former president trump signaled renewed consideration of taking Fannie Mae and Freddie Mac, including Federalโฃ Home Loan โ(OTC:FMCC), public, a move previously discussed in May.
The 50-year mortgage plan aims to lower monthlyโ payments, making homeownership more accessible. however, theโ proposal has drawn criticism from some, โขincluding Rep. Marjorie Taylor โฃGreene (R-Ga.),who argues it would extend debt burdens and disproportionately โbenefit banks. greene advocates for option solutions like curbing corporate ownership of single-family homes and โคeasing mortgage qualification for renters with โproven payment histories. She โฃalso โsupports eliminating capital gains taxesโข on primary โฃhome sales โคto โhelp seniors retain equity.
President Trump first publicly considered โขreturning Fannie Mae and Freddie Mac to โขpublic markets in May,โค stating the timing “wouldโ seem to be right.” both companies have been โunder federal conservatorship as 2008,collectively โholding over $7 trillion in assets. Bill Pulte, โfounder of Pulte Capital, reported last month that the administrationโ is evaluating plans to take the mortgage giantsโข public, focusing on cost reductionโ and efficient operation.Pulte believes โthere is “no limit to what they could be worth one day.”