White House furious over 50-year mortgage blowback

White House officials show frustration towards Bill Pulte, the Federal Housing Finance Agency director, who talked President Trump into suggesting a 50-year mortgage plan. Politico reporter Cassandra Dumay joins LiveNOW's Mike Pache with more insight.

The Brief

President Trump proposed a 50-year mortgage option, while FHFA Director William Pulte said the administration is exploring portable and assumable mortgages to ease housing challenges.

Portable mortgages let homeowners transfer their existing loan—and rate—to a new home, while assumable mortgages allow buyers to take over a seller’s existing mortgage.

Experts say these ideas could unlock housing mobility but might also raise home prices and disrupt the mortgage-backed securities

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