Trump Executive Order Targets Wall Street Investors In Single-Family Housing Market
By CU Today Staff —
WASHINGTON--President Trump Tuesday issued an Executive Order, “Stopping Wall Street from Competing with Main Street Homebuyers,” to prevent large institutional investors from buying single-family homes.
“Home ownership has long been a core tenant of achieving the American dream, and credit unions are trusted partners in helping their members obtain affordable loans to do so,” said Scott Simpson, America’s Credit Unions president/CEO. “We’ve advocated for policies that will enhance credit unions’ ability to participate in federal home loan programs, and we will continue to engage the Administration and housing regulators to ensure credit unions are part of this solution.”
According to the White House fact sheet, the order:
America’s Credit Unions said it is reviewing the details of the Executive Order and will provide credit unions with insights into any provisions that could impact the industry.
Originally reported by CU Today.