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January 27, 2026

Trump housing finance chief OKs more mortgage spending

  • The move could introduce a new level of risk for government-backed lenders.
    • By BRIAN SLODYSKO
    Associated Press

    WASHINGTON — President Donald 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.

    An email obtained by The Associated Press that was sent by the Federal Housing Finance Agency to top officials at Fannie Mae and Freddie Mac eliminated caps that prohibited the lenders from each holding more than $40 billion in mortgage bonds. The Jan. 12 email says that “effective immediately” the new amount of mortgage bonds that they could hold in their portfolios was raised to $225 billion apiece.


     
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