Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about our new president, and his new initatives. The article we look at today is: “What Trump’s win could mean for housing: experts weigh in.” There are a lot of thoughts in this article, but we want to focus on the idea of privatizing Freddie Mae, and Fannie Mac.

The biggest hurdle in privatizing Freddie & Fannie would be the government giving up billions in revenue. They used to be private companies, until the government brought them into conservatorship during the 2011 bailout. A potential problem in this happening for our industry is that we probably wouldn’t see as many loans to less qualified buyers. It would be likely less advantageous for a private company to offer affordable housing initiatives, because they generate less profit. Ultimately, we don’t believe this will happen, because the government needs this revenue source. Listen in as we discuss this and more!

Listen in to learn about this and more!

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