economy
Trump is fixing the housing crisis Biden created
The Biden administration had a simple explanation for why housing became unaffordable: blame the landlords. As prices climbed and buyers were squeezed out, officials and allies avoided harder questions about inflation, interest rates, and supply.
TL;DR
- The Trump administration is updating credit scoring models used by the FHA, Fannie Mae, and Freddie Mac to expand mortgage access.
- These new models prioritize recent financial behavior and on-time rent payments.
- The administration is tightening rules for federal housing programs by reviewing tenants for citizenship and eligibility issues.
- The article contrasts Trump's approach with Biden's, criticizing the Biden administration for blaming landlords and software for rising housing costs.
- Trump's policies aim to address inflation and interest rates, which the article argues were worsened under Biden, leading to higher mortgage rates and frozen supply.