How Trump plans to get government out of the mortgage business

[Mejappz]

How Trump plans to get government out of the mortgage business

Mortgage finance giants Fannie Mae and Freddie Mac have been under government conservatorship since 2008. President Trump wants to privatize them. But what could that mean for America's mortgage market?

www.wbur.org

 

[George Hatch]

The GSEs are transitioned into becoming normal everyday "E"s then that frees them up to operate like every other lender regardless of the political winds in DC. Free to succeed, free to fail.

 

[glenn walker]

We knew when the Board got removed last month something was going on. Some say it's mortgages will be transferred into a new Nation owned Sovereign Wealth fund where Black Rock and maybe Chase and others will manage the portfolios and sell off at better profit margins. If interest rates come down a few points over next 24 months the value of the portfolio goes way up.

Once closed there won't be any GSE buying new loans and the Money Center Banks and private hedge funds..insurance companies will purchase loans.

How this will effect apprasers? Nobody knows until after it's been completed.