Freddie, Fannie $200 billion mortgage bond buy underway with $3 billion purchase, FHFA's Pulte says
Federal Housing Finance Agency Director Bill Pulte confirmed a $3 billion mortgage bond purchase occurred Friday, the day after President Trump ordered a $200 billion buy to lower housing costs. Pulte also stated that the privatization of Freddie ...
By Reuters |
ETMarkets.com
Federal Housing Finance Agency Director Bill Pulte said on Friday a $3 billion mortgage bond buy had been put in already the day after President Donald Trump ordered his representatives to buy $200 billion in mortgage bonds to bring down housing costs.
Speaking to reporters at the White House, Pulte said the privatization of Freddie Mac and Fannie Mae "can still very much happen."
He declined to say when the $200 billion buy would be complete.
Speaking to reporters at the White House, Pulte said the privatization of Freddie Mac and Fannie Mae "can still very much happen."
He declined to say when the $200 billion buy would be complete.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Who is Bill Pulte? Trump names FHFA Director as acting Intelligence Chief in major leadership shiftADVERTISEMENT
