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Thursday, November 10, 2016 1:56:52 PM
Something to watch under Trump could be what happens to Fannie Mae and Freddie Mac. Reform efforts have stalled the past several years. But hedge-fund billionaire John Paulson, who is part of the president-elect’s economic policy team, could push for action. Paulson bought shares of Fannie and Freddie in the hope of cashing in when they regained their independence. Since being placed under government control, the mortgage-backers have sent nearly all their profits to the U.S. Treasury, not investors.
“Paulson cares passionately about this, given his positions,” Goodman said.
Trump made a lot of promises during the campaign. It is unclear how many of them he’ll be able to keep. Until he and his advisers provide more clarity on his intentions, the housing sector, like everyone else, will have to take a wait-and-see approach.
“We are totally guessing,” Goodman said. “It could be that housing is not on his list of things to do and you don’t end up with much change over the status quo.”
https://www.washingtonpost.com/news/where-we-live/wp/2016/11/10/what-effect-the-trump-administration-will-have-on-the-housing-market/
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