Trump’s Cuts at Fannie Mae and Freddie Mac May Slow Housing Recovery, Report Says

The Trump administration’s cuts to Fannie Mae and Freddie Mac, the government-sponsored mortgage giants, may put a damper on the housing market as it becomes harder to obtain some types of home loans, according to a report from Bloomberg Intelligence.

Credit availability for Fannie and Freddie mortgages has reached a record low this year, according to an index for credit availability from the Mortgage Bankers Association.