Reported 11 months ago
If Donald Trump wins the presidency, Republicans hope to privatize Fannie Mae and Freddie Mac, which could significantly increase mortgage costs. Democrats and some economists warn that such a move, particularly during high-interest periods, may raise home buying expenses by up to $1,670 annually. While proponents argue the privatization would stimulate the housing market, critics express concerns about potential risks without federal backing, possibly leading to chaos in housing finance.
Source: YAHOO