Trump's $200 Billion 'People's QE' Mortgage Stimulus Plan Could Backfire, Economists Warn It Will Worsen 'Housing Affordability' - Federal Home Loan (OTC:FMCC), Federal National Mortgage (OTC:FNMA)
Opendoor(US:OPEN) Benzinga·2026-01-09 12:42President Donald Trump's proposal to purchase $200 billion in mortgage-backed securities is drawing sharp criticism from economists, with warnings that the plan could worsen housing affordability in the long run despite temporarily lowering mortgage rates.‘People’s QE’ Mortgage StimulusAccording to economist Mohamed El-Erian, by tapping funds held by government‑sponsored enterprises Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) under powers granted during their 2008 conservatorship, Trump is reviving lon ...