Reported about 1 month 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