If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac.
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FILE - A housing development in Cranberry Township, Pa., is seen on March 29, 2024. FILE - A housing development in Middlesex, Pa., is shown on March 29, 2024. a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession.
“I don’t think there should be any concerns that suddenly mortgages will become more or less expensive,” Calabria said. “If you want to be able to strengthen our mortgage financial system so that we make sure that people are in reasonable, responsible loans and that we don’t have to bail out the mortgage finance system again, we need to fix Fannie and Freddie.”
How the Trump administration would handle that issue would dictate whether privatization is “only somewhat disruptive or dramatically disruptive,” Parrott said.
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