Opendoor stock price was highly volatile this week as Donald Trump started to focus on the affordability issue, especially on the housing market. OPEN initially dropped after his proposal to ban insti... ...

Group 1 - US President Donald Trump directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to lower housing costs ahead of the midterm elections [1] - The announcement is part of Trump's strategy to restore affordability in housing, which he claims was damaged by the Biden Administration [1] - Fannie Mae and Freddie Mac have increased their holdings of mortgage bonds by over 25% in the five months leading up to October [3] Group 2 - The total outstanding agency mortgage bonds amount to roughly $9 trillion, meaning the proposed purchases would represent just over 2% of the market [4] - Increased demand for mortgage bonds has led to tighter spreads, the narrowest since 2022, with expectations that banks will also increase their purchases [5] - Allowing Fannie and Freddie to grow their retained portfolios is expected to exert downward pressure on mortgage rates, potentially reducing them by at least a quarter of a point [6]

President Donald Trump speaks during the House Republican Party member retreat at the Kennedy Center in Washington, Jan. 6, 2026.President Donald Trump's renewed focus on housing affordability has found a clear villain: institutional investors that own large swaths of single-family homes in fast-growing Sun Belt cities, where would-be homeowners increasingly find themselves bidding against Wall Street.Trump argued in a social media post Wednesday that corporate ownership has helped push housing further out ...

California Gov. Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state during a speech Thursday, following a similar announcement by President Donald Trump.Newsom plans on saying he will work with local legislators to target private equity and hedge fund investors purchasing homes in California, particularly corporate entities buying at scale, the governor’s office said in an email. “The fact is that large investors are purchasing homes faster than families can buy th ...

Defense contractors are under fire, an idea to make housing more affordable, Constellation earnings beat expectations, more news to start your day. ...

Taking his Truth Social handle, Trump wrote, "For a very long time, buying and owning a home was considered the pinnacle of the American Dream." He said that he will be taking immediate steps to implement the proposed ban and would urge Congress to codify it into law, though he did not specify the legal authority or mechanisms that would be used.The move comes as the White House faces mounting political pressure over the rising cost of living ahead of this year’s congressional midterm elections.This move m ...

The MAGA chief said he will also ask Congress to codify the measure and plans to discuss broader housing and affordability proposals during his upcoming speech at the World Economic Forum in Davos.“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far ...

US President Donald Trump says his administration is moving to ban Wall Street investors from buying single-family homes ‍in a bid to reduce home prices, a potential blow for private-equity landlords.In a post on Truth Social, ​Trump said he was taking immediate action and would ask Congress to codify the measure, adding he would also be ⁠discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum.“For a very long time, buying and owning a home was considered the ...

Shares of America’s largest credit-reporting companies are getting pummeled after Federal Housing Finance Agency Director Bill Pulte called out the firms for raising prices. Equifax Inc. slid as much as 6% Tuesday, TransUnion fell 6.8% and Experian fell 2.7% in New York trading. Shares of Fair Isaac Corp. also dropped by as much as 4.9%. Most Read from Bloomberg “I do not understand what the credit bureaus are doing with their pricing,” Pulte commented in a post on X late Monday. “They are inviting a l ...

Bim / Getty Images Housing affordability remained a stubborn problem in 2025 as mortgage rates stayed elevated and prices peaked. Key Takeaways Affordability problems weighed down the housing market in 2025, though there were signs of improvement. Mortgage rates declined somewhat and more listings hit the market, helping to ease some of high expenses of buying a home. Experts predict that mortgage rates will continue to fall in 2026, although housing affordability issues are expected to persist as lo ...