Privatizing Fannie Mae and Freddie Mac: Aaron VanTrojen on Mortgage Costs, Home Affordability, and Policy Impacts
The discussion on Mortgage Matters focused on the potential privatization of Fannie Mae and Freddie Mac. Aaron Vantrojen, CEO of Geneva Financial, explained the historical context, noting Fannie Mae's creation in 1938 and their role in providing inexpensive mortgages. He highlighted that privatization could increase interest rates, impacting home affordability. Currently, Fannie and Freddie handle about 60% of home loans. The conversation also touched on the broader implications, including potential inflation from Trump administration policies and the impact of government loans like FHA, VA, and USDA. Upcoming workshops and events for homebuyers and veterans were also mentioned.
