BankThink Trump could solve the housing crisis with no help from Congress
America's post-pandemic paradox is clear: The economy keeps adding jobs, but the supply of homes keeps falling short. By most estimates, the U.S. faces a deficit of at least 4 million housing units. That gap drives bidding wars for starter homes, forces rents higher than wages can keep up with and leaves employers struggling to hire in places their workers can no longer afford to live.
Sell off Fannie & Freddie to end housing crisis
During the campaign last year, President Trump said a lot of good things about union workers. He visited construction sites to praise the quality of the building trades workers. He went to police and fire stations to tout the courage and commitment of cops and firefighters. He talked about the importance of auto workers and Teamsters. He called them all Trump voters and he is justified in believing they made a difference in his election. Now he must deliver for them.
POLITICO: Unions launch coalition for housing affordability
The nation’s affordability crisis is prompting unions to band together to find ways to ensure their members have access to housing.
A group led by the Building and Construction Trades Council of Greater New York, is launching a campaign dubbed “Housing for Us” to get President Donald Trump to commit to ensuring proceeds from the sale of two federally-controlled housing programs are allocated to housing programs for workers.
Yahoo Finance | It's time for Fannie & Freddie to go private: Former FDIC chair
"That is far too long for any financial institution or any institution to be in a government-run conservatorship," she said. "It hurts agility, it hurts decision-making, it hurts the ability to bring in top talent to get the tech that you need. So it does need to be privatized."
MPA Magazine | UWM's Ishbia talks Trump, Fannie, Freddie, and the future
“I think overall, the Trump administration is good for housing, and very good for consumers. I think it’s going to be a good thing across the board,” he said. “Obviously there are a lot of unknowns at this point, but President Trump’s obviously a business-focused person who also understands the private sector and at the same time, I think he cares about getting consumers access to liquidity and access to housing.
Yahoo Finance | Why Bill Ackman is 'confident' Trump will privatize Fannie Mae and Freddie Mac
Trump likes big deals and this would be the biggest deal in history... I am confident he will get it done... A successful emergence of Fannie and Freddie from conservatorship should generate more than $300 billion of additional profits to the Federal government.
Brookings | Workforce housing and middle-income housing subsidies: A primer
Cities clearly benefit financially from having more middle-class residents... When more middle-income residents move into a jurisdiction, renting or purchasing homes, cities can collect more property tax revenues from a broader cross-section of households
Trump greets supporters, union workers at NYC construction site: 'Amazing show of affection'
President Trump spoke with hundreds of New York City construction workers and union members.
Housing Wire | Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector
Fannie Mae and Freddie Mac are far too important to homebuyers, our economy and the housing and mortgage industries to be left in limbo indefinitely. FHFA and the Treasury should release the GSEs from conservatorship as soon as possible. There is too much at stake to maintain the status quo.
Independent Community Bankers of America | After 15 Years, the Federal Government Should End its Conservatorship of Fannie Mae and Freddie Mac
A lot has changed in the 15 years that Fannie Mae and Freddie Mac have been in federal conservatorship, including a restoration of the health of the mortgage market and the financial strength of these housing-focused enterprises. What hasn’t changed is the need for the federal government to follow established law and ensure its conservatorship of Fannie and Freddie is temporary.
NYU Furman Center | The GSE Conservatorships: Fifteen Years Old, With No End in Sight
I think it can fairly be said that no one at that time ever expected conservatorship to last so long, especially as Secretary of the Treasury Paulson publicly referred to it as a “time out,” with its short-term connotation.