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Trump housing finance chief OKs more mortgage spending and adds risk for government-backed lenders

Trump housing finance chief OKs more mortgage spending and adds risk for government-backed lenders

By Swedan Margen

Culture

President Trump's federal housing finance director, Bill Pulte, quietly granted government-backed lenders the authority to nearly double a $200 billion bond purchase that Trump ordered to try to lower mortgage rates, a move that could introduce a new level of risk for the companies.

Originally published by washingtontimes.com. Syndicated material does not necessarily reflect the views of Grazia British.

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Trump housing finance chief OKs more mortgage spending and adds risk for government-backed lenders | Grazia British