Freddie, Fannie $200 billion mortgage bond buy underway with $3 billion purchase, FHFA’s Pulte says

Federal Housing Finance Agency Director ⁠Bill Pulte said on Friday a $3 billion ‌mortgage bond ‌buy had been ‌put in already the day after President Donald Trump ordered his representatives to buy $200 billion ‌in mortgage ‍bonds to ‍bring down housing costs.

Speaking to ‌reporters at the White House, Pulte said the privatization of Freddie Mac ‍and Fannie Mae “can still very ‍much happen.”

He ⁠declined ⁠to say when the $200 billion buy would be complete.