Trump allies hope a win means changes to the mortgage system. Opponents warn it will cost consumers
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If Donald Trump wins the 2024 presidential election, Republicans aim to privatize Fannie Mae and Freddie Mac, which have been under government control since the Great Recession; Democrats and economists warn this could raise mortgage costs significantly, especially amid high rates; Fannie Mae and Freddie Mac guarantee about half of the $12 trillion U.S. home loan market; Kamala Harris claims privatization could add $1,200 annually to typical mortgages; economists Jim Parrott and Mark Zandi estimate 30-year mortgage rates could rise by 0.43% to 0.97%, costing homeowners $730 to $1,670 more per year; Mark Calabria argues privatization is feasible and would not necessarily increase mortgage costs; Trump has not confirmed his stance on ending the conservatorship; concerns exist about the need for a government guarantee for privatized firms; the companies have repaid their $187 billion bailouts and provided additional dividends to the government.

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https://www.pbs.org/newshour/economy/trump-allies-hope-a-win-means-changes-to-the-mortgage-system-opponents-warn-it-will-cost-consumers