Trump's move to privatize Fannie Mae and Freddie Mac would simultaneously hurt people of color and help Wall Street
about Baltimore. “They’ve called me and said finally someone is telling the truth,” he said, adding that “people living in Baltimore are very happy that I’m bringing out the fact that it‘s like living in hell.” So it’s effectively a forgone conclusion that he will attempt to spin the news that his plan to overhaul the United States’ housing finance system will reportedly make mortgages more expensive for African Americans, and other minority borrowers.
While the administration says affordable housing goals would be replaced with a more “efficient, transparent, and accountable mechanism,” like a fee that would go to HUD to promote affordable housing, consumer and civil rights groups are suspicious.
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