Items Tagged with 'Donald Trump'


  • Trump’s housing-finance plan aims to curb GSE lending in areas with rent control

    “This is the Trump administration against the blue states,” says Raymond James analyst
    Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. One of the proposals buried in Treasury’s housing-finance plan was: curbing Fannie Mae and Freddie Mac multifamily lending in areas that adopt rent control. “The lesson I've had through observing the Trump administration is: They tell you in advance what they are going to do and they more often than not follow through,” a Raymond James analyst said.
    Read More
  • Trump tells “boneheads” at Fed to cut interest rates below 0%

    Says the U.S. should always pay lowest rate
    In a Twitter rant Wednesday, President Donald Trump said the Federal Reserve should cut interest rates down to zero, or lower. But the president didn’t stop with expressing what he wishes the Fed would do. He also called Federal Reserve Chair Jerome Powell “naïve” and the Federal Reserve members “boneheads.”
    Read More
  • Trump administration releases housing finance blueprint to privatize Fannie Mae, Freddie Mac

    Aims to encourage competition, reduce regulations
    The Trump administration released its long-awaited plan to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations include: "simplifying" the Qualified Mortgage rule, eliminating the so-called QM patch that lets Fannie and Freddie sidestep some regulations, and reducing "unnecessary regulatory impediments" for private-label securitization.
    Read More
  • Trump's blueprint for Fannie Mae, Freddie Mac reform expected "within days"

    Trump administration is on the verge of releasing plans for housing finance reform
    The Trump administration’s blueprint for housing finance reform is set to be released “in coming days,” according to Reuters, with Bloomberg being even more specific. “On Thursday, Treasury is expected to release its long-anticipated plan – requested by President Donald Trump – for ending Fannie and Freddie’s conservatorships,” Bloomberg said in a story that cited people familiar with the matter.
    Read More
  • Trump tells Fed to cut rates by 100 basis points

    Says Fed is keeping economy low for 2020 election
    President Donald Trump called on the Federal Reserve to reduce the federal funds rate by 100 basis points, saying it is purposefully keeping the economy low for the 2020 election. This is not the first time Trump has shared his opinions of the Fed’s actions and criticized Federal Reserve Chair Jerome Powell for his leadership, but it is the most specific the president has gotten with what he wants to see.
    Read More
  • Goldman Sachs: No deal in U.S.-China trade war before 2020 election

    "Fears that the trade war will trigger a recession are growing," Goldman economists say
    “Tariffs are a great negotiating tool,” President Donald Trump tweeted last month, one of dozens of times he has extolled the power of levies to get the trade deals he wants. Goldman Sachs issued a note to clients on Sunday saying that tariff strategy isn’t going to work with China, the world’s second-largest economy. “We no longer expect a trade deal before the 2020 election,” Goldman economists said.
    Read More
  • Economists warn of dangers trade war escalation poses to housing and economy

    NAR's Yun says mortgage rates are falling "for the wrong reason"
    A widening trade war sent U.S. stock markets into the biggest rout of 2019 on Monday, which caused mortgage rates to tumble, but there’s more to the housing market than just financing rates. If the trade war causes a jobs-cutting recession in the U.S., “low interest rates will not help home sales nor home prices,” Lawrence Yun, NAR’s chief economist said.
    Read More
  • Federal Reserve poised to reduce its benchmark rate

    President Trump tweets: "A small rate cut is not enough"
    The world’s most powerful central bank is poised to cut its benchmark rate for the first time since 2008, with most investors expecting a quarter-percentage-point reduction. It’s not likely to satisfy a certain resident of 1600 Pennsylvania Avenue in Washington D.C., based on Monday morning tweets. "The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!" President Donald Trump said on Twitter.
    Read More
  • Future markets indicate a 0.25% cut at July Fed meeting

    Trump’s intended Fed nominee pushes for bigger reduction
    Traders in futures markets have signaled a 77.5% probability of a quarter percentage point cut at next week’s Federal Reserve meeting and a 22.5% chance of a half percentage point cut, according to the CME’s FedWatch tool. In an unusual move, Trump’s intended nominee for Fed board is pushing for the bigger reduction.
    Read More
  • Fed Chairman Powell tells Congress he would ignore Trump if fired

    “I fully intend to serve,” the nation’s top central banker said
    Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.
    Read More