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09.01.26 - 01:01
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Trump Launches His Own QE: Directs GSEs To Purchase $200 Billion In Mortgage Bonds (ZeroHedge)
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Trump Launches His Own QE: Directs GSEs To Purchase $200 Billion In Mortgage Bonds
First, Trump short-circuited the Fed's rate-cut process. Now he is going after QE by launching his own version of it.
In a post on late Thursday post on Truth Social, President Trump said he was directing the purchase of $200 billion in mortgage bonds, which he framed as his latest effort to bring down housing costs ahead of the November midterm election.
“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.
He added that his decision not to sell Fannie Mae and Freddie Mac during his first term allowed them to amass “$200 BILLION DOLLARS IN CASH” and that he was making his announcement “because of that.”
Federal Housing Finance Agency director Bill Pulte, said soon after that the president aims for Fannie Mae and Freddie Mae to execute the purchases. Pulte said Thursday the bond purchases “can be executed very ...
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09.01.26 - 00:30
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Trump says he′s ordered $200 billion mortgage bond purchase (The Hill)
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President Trump said Thursday he ordered the purchase of $200 billion in mortgage bonds with the goal of easing housing costs through lower interest rates. In a Thursday post on Truth Social, the president said he instructed unspecified "Representatives" to buy $200 billion in mortgage-backed securities, which he argued would "drive Mortgage Rates DOWN, monthly......
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09.01.26 - 00:12
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Brown Harris Stevens CEO: US Needs More Housing Supply (Bloomberg)
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Bess Freedman, Brown Harris Stevens CEO, says the U.S. needs more housing supply. She tells Romaine Bostick and Katie Greifeld on “The Close” that rent control, 50-year mortgages, and restricting corporate homebuyers will not improve affordability. (Source: Bloomberg)...
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