Replies to post #821759 on Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

the Housing "Executive Order" Pulte was referring to was actually a presidential memorandum Trump signed on January 22nd. The White House Fact Sheet is titled: President Donald J. Trump Delivers Emergency Price Relief for American Families to Defeat the Cost-of-Living Crisis.

It is NOT directed only at housing; It covers many different areas of cost concerns for Americans: regulations that increase applicance costs, healthcare costs, fuel and food costs, etc. There is nothing in it specific to the GSEs or the conservatorship, but the cost of housing, housing construction and supply concerns are mentioned as specific items for agencies to address.

Don't get caught up on Pulte's off-hand use of the term "executive order" ... this term is often used for a number of executive actions or tools the president has at his disposal such as proclamations, directives, memoranda (just an executive order by another name - more or less).

This is the link to the fact sheet: https://www.whitehouse.gov/fact-sheets/2025/01/fact-sheet-president-donald-j-trump-delivers-emergency-price-relief-for-american-families-to-defeat-the-cost-of-living-crisis/

Here the text:

DELIVERING EMERGENCY PRICE RELIEF: Today, President Donald J. Trump signed a Presidential Memorandum to deliver emergency price relief for American families and defeat the cost-of-living crisis.

The Presidential Memorandum recognizes a critical component of the crushing cost of everyday living. The Biden Administration imposed complex regulatory burdens and radical policies designed to weaken American production.

President Trump is ordering all Federal agencies to untangle the American economy from Biden constraints and improve affordability of necessary goods and services and increase the prosperity of the American workers.

This includes action to:
Drastically lower the cost of housing and expand housing supply;

Eliminate unnecessary administrative expenses and rent-seeking practices that drive up healthcare costs;

Eliminate counterproductive requirements raising the costs of home appliances;

Create employment opportunities for American workers including drawing discouraged workers into the labor force; and

Eliminate harmful, coercive “climate” policies driving up the costs of food and fuel.


ENDING BIDEN’S WAR ON AFFORDABILITY: The Biden Administration’s destructive policies inflicted an historic inflation crisis on the American people.

Hardworking families are overwhelmed today by the cost of fuel, food, housing, automobiles, medical care, utilities, and insurance.

Unprecedented regulatory oppression from the Biden Administration has imposed almost $50,000 in costs on the average American household, whereas President Trump’s first-term agenda reduced regulatory costs by almost $11,000 per household.

Americans are unable to purchase homes at historic rates, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home.

Biden’s assault on plentiful and reliable American energy through impossible, unnecessary, and illegal regulatory demands have driven up the cost of transportation and manufacturing.

Biden’s war on energy has been a war on American consumers. American households are paying an average of $1,200 more per year in energy costs under President Biden’s policies. Since he took office, total energy costs rose by 36%, gasoline rose 41%, home energy costs rose 30%, electricity bills rose 29%, and gas bills rose 34%.

After averaging just $2.77 per gallon under President Trump, and a price of $2.33 upon leaving office, the price of gasoline skyrocketed under President Biden, reaching $3.33 a year later. It went on to reach a peak at $5.00 per gallon and remains elevated today.

The unlawful regulatory mandate on companies to eliminate gas-powered vehicles has resulted in artificial price increases in order to subsidize electric vehicles, largely disfavored by consumers.

Another version states the following:

I hereby order the heads of all executive departments and agencies to deliver emergency price relief, consistent with applicable law, to the American people and increase the prosperity of the American worker. This shall include pursuing appropriate actions to: lower the cost of housing and expand housing supply; eliminate unnecessary administrative expenses and rent-seeking practices that increase healthcare costs; eliminate counterproductive requirements that raise the costs of home appliances; create employment opportunities for American workers, including drawing discouraged workers into the labor force; and eliminate harmful, coercive “climate” policies that increase the costs of food and fuel. Within 30 days of the date of this memorandum, the Assistant to the President for Economic Policy shall report to me and every 30 days thereafter, on the status of the implementation of this memorandum.