Core Viewpoint - U.S. President Donald Trump is urging mortgage financing companies Fannie Mae and Freddie Mac to stimulate activity among homebuilders, citing a claim that builders are sitting on 2 million empty lots, which he describes as a record [1][1]. Group 1: Mortgage Financing Companies - Fannie Mae and Freddie Mac are being called upon to take action to support homebuilders [1]. - These companies guarantee over half of the nation's mortgages and have been under federal conservatorship since the 2008 financial crisis [1]. Group 2: Homebuilders - Trump suggests that U.S. builders are currently holding 2 million empty lots, indicating a potential opportunity for increased construction activity [1]. - The specific actions expected from builders or mortgage giants remain unclear [1]. Group 3: Government and Financial Institutions - In August, Trump met with top U.S. bank executives to discuss plans for the privatization of Fannie Mae and Freddie Mac [1]. - The administration's plans aim to shift these finance firms out of federal conservatorship [1].
Trump calls on Fannie Mae and Freddie Mac to get big homebuilders 'going'
The Economic Times·2025-10-06 07:48