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.

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Biden mortgage trick will raise inflation while Americans will own nothing and not be happy



The Biden administration is pulling out all the stops to make sure Americans will “own nothing and be happy.”

Its latest tactic is encouraging more consumer debt spending through second mortgages, which seems to be less about helping Americans and more about buying votes before the election.

Carol Roth, author of “You Will Own Nothing,” believes Americans need to be warned.

“It’s the arsonists who are burning down your house, and then, they bring a water bottle and say, ‘Hey, I’m going to help put out the fire and rebuild it. It is frustrating,” Roth tells Glenn Beck before explaining what the government is doing now.

“Freddy Mac had this great idea because people have so much equity in their homes. Let us go ahead and offer second mortgages,” Roth says. “But second mortgages don’t get you into housing. Those are consumer loans. Those are people taking money out of their homes and using them whatever it is. And that equity is perceived equity.”

Meanwhile, the homeowners haven’t cashed out the house or sold the house, so it’s not guaranteed.

Roth believes the second mortgage will be “people taking their wealth, their ownership, and going and blowing it on things.”

“That’s what will happen,” Glenn agrees, noting that people will use it to pay down a credit card with a 25% rate in order to use the 9% mortgage rate instead.

“Obviously, we would rather use other money if we can to pay down 25% and taking down your ownership,” Roth says. “I think we have to ask ourselves a few questions here. One, why is it that the taxpayers should all of a sudden back consumer loans? Why is it that we want to encourage more consumer debt spending, particularly during a time of inflation?”

“And why do we want people to reduce the ownership, the equity in their homes?” she adds.

Glenn and Roth both believe this has a lot to do with the 2024 election.

“All these things make him look like the economy is doing better,” Roth explains, but if these programs are implemented as Biden is planning, the economy will be even farther from actually doing better.

“Inflation next year is going to be insane,” Glenn says, and Roth agrees, noting that programs like this are what “started the whole ball rolling with the Great Recession/financial crisis.”

“I’m super excited for taxpayers to back consumer loans,” she continues. “You’re not even backing first mortgages, you’re now backing consumer loans. Way to go, really glad that the government wants to get into that.”


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It’s no secret that the housing market in the U.S. is a giant disaster. Interest rates have skyrocketed, prices have quadrupled, and these mysterious entities seem to swoop in with cash offers and buy up many of the available homes on the market.

What’s going on?

Democratic candidate RFK Jr. recently addressed these issues on the "Tim Dillon Show."

“Not only are we, you know, suffering inflation from the constant wars,” but “also you have these three giant companies – BlackRock, State Street, and Vanguard,” who “ already own everything, and now they've decided they're going to buy every single-family home in America.”

“They're on track now to control, to own … 60% of the single-family homes in America within six years,” he explains.

It’s no wonder young people feel so discouraged these days. This is a death sentence to many people’s dreams of owning a home.

“Think about this for a second,” says Dave Rubin. “They're telling us and have been telling us for years: ‘You will owe nothing and be happy.”’

“Now the banks have gone from 2.5%-3% interest rates” to “around 9%, so the average person now if every month you have to pay 9% on that mortgage, now you're paying an awful lot,” Dave explains, “and suddenly you can't get that mortgage, you can't buy that house, and then what happens?”

“You have to end up renting,” which means “you're getting no equity, you're not building wealth over time,” and most importantly, you’re not owning anything, which is exactly what these mega corporations want.

“You can see the connection,” Dave says. “If the banks raise interest rates high enough, the average person is like, ‘I can't take out the loan’…and then BlackRock and Vanguard and these other companies come in … and they just buy the house for cash.”

Once they acquire the house, “they let it be empty … or they then allow it to be rented,” meaning they own everything, while people own nothing, which is exactly what they’ve said their plan is.

“So you see how the banks are connected to exactly what BlackRock is doing,” Dave concludes.


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SHOCKING: Has the government's WAR ON HOMEOWNERSHIP begun?



The idea that “you will own nothing and be happy” is coming to fruition.

Glenn Beck long warned that government elites have been planning to push people out of homeownership and into renting, and it seems their new American dream is finally coming true.

Not only are they attempting to rid Americans of all their earthly possessions, but they’re blaming them for wanting those possessions in the first place.

Glenn references a recent article from Axios, titled "The Problem With America’s High Homeownership Rate," which claims that “America’s decades-long love affair with home ownership is holding back the economy and hobbling the Federal Reserve and exacerbating a national housing crisis.”

“We got into the ‘08 crisis because the government was pushing home ownership. Everybody became overextended. Now, they’re pushing for you to get rid of your home,” Glenn says, adding, “I think this is the first shot of the government trying to get people out of their homes.”

Former investment banker Carol Roth believes it's actually the “second shot.”

After the 2008 crisis, “Americans lost about 6 million homes to foreclosures and short sales,” Roth says.

“And then they went out because they had so much money, had to do something with it, they bought up homes,” Glenn says, finishing Roth’s point.

Roth notes that at the end of 2022, one in every five homes in America was being bought by a corporate entity.

“Now you have this gentleman from Axios, who is one of the economic media darlings, if you will, coming out and not only saying, ‘Oh, it’s really a problem that you own your home, it’s really a problem that you have this asset that’s creating legacy wealth for you and your family,’” Roth tells Glenn.

“The mental gymnastics it took for him to get there. ‘Oh, this is holding back the economy, and this is crippling the FED,’ as if it wasn’t FED policy and the government policy that got us here in the first place,” Roth adds.

“The idea that they’re blaming you for creating wealth instead of blaming the arsonists who burnt down the economy — the government and the FED — is absolutely despicable.”


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New Biden mortgage rule will HURT YOU if you have a GOOD credit score?!



The point of having good credit is to be rewarded with better treatment and lower rates, right?

Well, according to the Washington Times, it now is the opposite.

Starting on May 1 under a new Biden rule, Americans with good credit scores will be forced to pay higher mortgage rates than those with poor scores.

Glenn Beck’s co-host Stu comments, calling it a “fundamental reversal of all economic theory.”

Beck calls it “stealing from the rich to give to the poor” and a “redistribution of wealth.”

He then compares it to the financial crisis of 2008.

“Wasn’t there something like this that happened? Two thousand four, five, six, and seven?” He continues, “They were incentivizing banks to give loans to people who couldn’t really afford the houses.”

“Although, at least in that case they weren’t punishing the people who were paying their bills,” Stu adds.

“If you don’t understand the concept that socialism and all of this stuff — it’s not going to make anybody happy. We’re all going to be equally miserable.”

“You won’t own anything. This is how it begins.”


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