Trump Calls Out Mortgage Giants

President Donald Trump is turning up the heat on Washington’s housing giants — Fannie Mae and Freddie Mac — urging them to help reignite America’s construction boom and lower housing costs for hard-working families.

In a fiery Sunday post, Trump called on the mortgage financing firms to “get Big Homebuilders going”, claiming that major U.S. builders are “sitting on 2 million empty lots — a RECORD.” The President’s remarks tapped into growing frustration among Americans priced out of the market amid sky-high interest rates, record inflation, and sluggish home construction.

While Trump did not outline specific steps for the companies, the message was unmistakable: he wants bold, immediate action to put Americans back to work, free up housing supply, and push back against what he sees as years of government mismanagement and red tape.

Fannie Mae and Freddie Mac — which back over half of all U.S. home loans — have been under federal control since the 2008 financial crisis. President Trump has repeatedly vowed to end that era of bureaucratic control and return the housing market to the private sector, where he says it belongs.

In August, Trump met with top banking executives to discuss his administration’s plan to privatize Fannie and Freddie, calling it a key step toward restoring free-market principles and reviving the American Dream of homeownership. Supporters say the move could unleash a new wave of construction, job growth, and economic expansion — all pillars of Trump’s “America First” economy.

For millions of middle-class Americans struggling under Biden-era inflation and housing shortages, Trump’s push is being praised as common-sense leadership that puts American workers, builders, and homeowners first.