The Wrap: No GSE Release? Will the Fed Buy MBS Too? Gold vs Silver

This week in a special Premium Service edition of “The Wrap,” we report to our paying subscribers about the latest events in Washington as the Trump Administration lurches into full midterm mania. We also comment on earnings for financials, including the growing Street angst about private equity and credit exposures at some of the largest banks (“Does Private Credit Hurt Bank Stocks?”). 

Last week, of course, President Donald Trump tacked sharply to domestic affairs and announced $200 billion in bond purchases by Fannie Mae and Freddie Mac. He also announced a 10% cap on credit card interest rates, a politically popular idea that is unlikely to happen.

The Trump WH is also letting it be known that a number of other new initiatives are under consideration for housing and that favorite keyword, affordability. But the biggest news in housing will make a lot of people in Washington and on Wall Street very unhappy.

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