Trump’s libertarian housing regulator refuses to bail out mortgage firms with public money - POLITICO

With millions of suddenly unemployed homeowners expected to seek relief on their mortgage payments, a libertarian regulator is standing in the way of the federal government using its most powerful weapon to stave off a housing crisis. Fannie Mae and Freddie Mac, the state-controlled mortgage finance companies with a $200 billion line of credit to the Treasury, were created to ease disruptions in the market. Now, as bankers and affordable housing advocates alike clamor for the administration to tap the giant entities for a mortgage industry bailout, the Trump appointee who oversees them is rebuffing those requests. ....
https://www.politico.com/news/2020/04/16/trump-calabria-housing-189237