Top Economist Rebuts Trump: $200 Billion Housing Stimulus Via Fannie, Freddie Will Spike Prices, Not Restore 'Affordability' - Federal National Mortgage (OTC:FNMA)
Benzinga·2026-01-13 06:52
Moody's Chief Economist Mark Zandi warns that President Donald Trump‘s directive for Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) to purchase $200 billion in mortgage bonds will likely backfire, driving home prices higher rather than solving the nation’s “severe housing affordability problem.”Prices Vs. AffordabilityWhile President Trump claims his executive order will restore “affordability” and bring the “American Dream” back by lowering monthly payments, Zandi argues the plan ignores basic economics. ...