Crushing fraud and DEI: Trump’s plan to restore the American dream of homeownership



The U.S. housing market has been a rollercoaster since the pandemic. First, lockdowns and economic uncertainty slowed the market to a crawl, followed by record-low mortgage rates that spurred a buying frenzy. Limited inventory worsened by construction delays and supply chain issues then spiked prices, creating a fierce seller’s market with frequent bidding wars.

In 2021, Biden’s economic policies, later called “Bidenomics,” drove inflation through the roof and prompted the Federal Reserve to spike interest rates, which doubled monthly mortgage payments for a median-priced home and made home ownership impossible for a huge percentage of American families.

Although the market has cooled slightly, affordability issues, elevated prices, and limited inventory continue to put homeownership out of reach for many Americans.

But thankfully, President Trump, as he always does, has a plan to fix what’s been broken.

Matthew Peterson, Blaze News editor in chief and co-host of “Blaze News Tonight,” recently sat down with Bill Pulte, director of the Federal Housing Finance Agency, to discuss President Trump’s plans to restore the American dream of homeownership.

The FHFA is in charge of Fannie Mae and Freddie Mac – two government-sponsored enterprises that keep the housing market running smoothly by making sure banks have money to lend.

“My view on [FHFA] is that we are here to restore the American dream,” says Pulte. “For the last four years under President Biden, there was a significant amount of inflation, and nobody could afford a home, and so what we're really focused on is restoring the American dream of home ownership.”

However, what’s standing in the way of that goal is rampant fraud, waste, and abuse.

“There was a lot of fraud and a lot of waste and abuse that went on in 2008, and as a result, the government had to take over Fannie and Freddie, and so what we're focused on is getting rid of the fraud, getting rid of the waste, getting rid of the abuse to make sure that these entities are stronger than ever before,” says Pulte.

To further these efforts, FHFA has instituted a “tip line” where anyone can report fraud and has terminated employees for “fraudulent or misleading activity.”

Another issue that’s been standing in the way of restoring the American dream of homeownership is DEI. Fannie Mae and Freddie Mac have “affordable housing mandates” that encourage lenders to provide more loans to low-income borrowers, minority groups, and underserved communities above others.

“Everybody should be treated equally and our policies need to do that, and so we terminated the DEI executives at Fannie Mae and Freddie Mac,” says Pulte.

While it’s a long and complicated road to rooting out corruption and making homeownership more accessible again, Pulte is confident President Trump is the person to see it done.

“Under President Trump’s leadership, Fannie Mae and Freddie Mac will be great American icons once again,” he says.

To hear more of the conversation, watch the episode above.

Want more from 'Blaze News Tonight'?

To enjoy more provocative opinions, expert analysis, and breaking stories you won’t see anywhere else, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Sen. Ruben Gallego Endorses Trump Administration Plan To Tackle The Housing Crisis Using Federal Lands

'I definitely want to work on it'

California Dem Proposes Bill For Students To Live In Their Cars Amid Housing Crisis

'Our colleges unfortunately just do not have these resources'

Harris’ Housing Plan Would Crush Young Americans’ Dreams Of Buying A Home

The Biden-Harris administration has overseen a massive housing shortage and the skyrocketing of home prices.

The Real Threat To The U.S. Economy Isn’t Election Integrity, It’s Joe Biden

The real threat to the economy is Joe Biden, his buffoonish treasury secretary and the rest of the capitalism-crushing useful idiots in this dangerous administration.

Boston Globe Asks Readers If They Agree With Gov’s Decision To House Migrants. Most Say No: REPORT

'It comes across as tone-deaf overall'

Massachusetts To Spend $915,000,000 On ‘Emergency Shelters’ In Response To Migrant Influx

Sen. Elizabeth Warren is on board

Financially ‘Low-Risk’ Borrowers Will Now Pay Higher Mortgage Fees In The Name Of ‘Equity’

Borrowers who put down less than 5 percent on their mortgage are having their fees reduced, no matter their credit score.

Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis



How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:



Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.