As part of the Trump administration’s housing reform efforts, the government announced that Fannie Mae and Freddie Mac – both pillars of the housing finance system – will keep $45 billion in capital that would otherwise be given to the government. Both institutions were bailed out with taxpayer funds during the 2008 financial crisis but have since repaid those loans.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
