Housing Market | Biden Bringing Back Sub Prime Mortgages?  Just when you thought the housing market could not get any crazier.......IT DOES!  With help of the sitting US President Joe Biden.  He recently fired the director of the FHFA (Federal Housing Finance Agency) who was appointed by President Trump.  This move seems to be a motivating factor for the Biden Administration to start making some drastic changes to the housing market.....ONCE AGAIN!  The FHFA is in charge of Freddie Mac and Fannie Mae when it comes to mortgage lending.  Previously President Trump was attempting to, once again, mace Freddie Mac and Fannie Mae privatized, but Biden decided to fire the head of the FHFA and reverse all the Trump era policies.  So in this video, I breakdown what has just happened and we take a look at what exactly we may see with the housing market under these new rules.

0:00 Intro
0:47 Why this is important
1:28 Trump era policies vs Biden policies
2:32 Why did Biden fire the FHFA director?
4:05 What Biden is doing with FHFA new direction
6:02 What it does to the housing market
7:00 My thoughts about the changes
9:00 Closing thoughts

"Supreme Court decision could help advance Biden’s housing agenda — starting with the firing of the FHFA director"
https://www.marketwatch.com/story/this-scotus-decision-could-pave-the-way-for-bidens-housing-agenda-11624466648

"Biden's new FHFA head vows to prioritize affordable housing -- what homeowners should do now"
https://www.foxbusiness.com/money/biden-fhfa-affordable-housing-what-homeowners-should-do

"Biden’s new dilemma: How to slash housing costs for low-income borrowers"
https://www.politico.com/news/2021/07/05/biden-housing-dilemma-low-income-497921

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.