That's equal to 10% of all mortgage debt issued in 2025. A rather large amount.
Fannie Mae and Freddie Mac only buy solid mortgages. Trump is ordering them to buy up weak mortgages.
They went bankrupt in 2008 doing this.
more... #housingbubble #mortgagedebt #mortgages #housing
A cartoon set in 2075 shows an elderly couple in a bank office sitting across from a smiling loan officer. The man and woman look stunned as the banker holds up a torn paper labeled “MORTGAGE” and says, “Congratulations for paying it off! Now… can I interest you in our reverse mortgage?” The woman holds a folder labeled “PAID IN FULL 2075.” A wall chart behind the banker shows an upward arrow with year markers 2025, 2050, and 2075. A clock shows late afternoon. Caption below reads, “The American Dream (50-Year Mortgage Edition).”
Trump wants 50-year mortgages.
Meanwhile, the median first-time buyer is 40 years old.
At this rate the only people who will ever pay off a house are the ones who can’t remember where it is.
#Trump #MortgageDebt #Mortgage #HomeOwnership #Affordability #HousingCrisis #RealEstate #AffordableHousing
