Housing Market | Biden Bringing Back Sub Prime Mortgages? Just when you thought the housing market could not get any crazier…….IT DOES! With help of the sitting US President Joe Biden. He recently fired the director of the FHFA (Federal Housing Finance Agency) who was appointed by President Trump. This move seems to be a motivating factor for the Biden Administration to start making some drastic changes to the housing market…..ONCE AGAIN! The FHFA is in charge of Freddie Mac and Fannie Mae when it comes to mortgage lending. Previously President Trump was attempting to, once again, mace Freddie Mac and Fannie Mae privatized, but Biden decided to fire the head of the FHFA and reverse all the Trump era policies. So in this video, I breakdown what has just happened and we take a look at what exactly we may see with the housing market under these new rules.