This could 'end very badly': Trump officials warn on mortgage finance

The U.S. housing finance system is worse off today than it was on the cusp of the 2008 financial crisis, Republican lawmakers and Trump administration officials warned on Tuesday. Fannie Mae and Freddie Mac, the two government-controlled enterprises that stand behind half the country's mortgages, are way too undercapitalized, and lending standards have actually deteriorated since the housing crash, the officials said.
Read more: https://www.politico.com/story/2019/09/10/mortgage-finance-donald-trump-officials-1721529?source=Snapzu