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Speaker at House Financial Services hearing criticizes Trump policies, urges housing investment and regulator oversight
Summary
An unidentified speaker at the House Financial Services Committee blamed administration policies for rising housing and construction costs, cited $1.4 billion in alleged family gains and a $7.6 trillion mortgage-market exposure, and urged stronger federal investment and oversight of mortgage and consumer-finance agencies; officials named were absent from the hearing.
An unidentified speaker addressed the House Financial Services Committee, saying recent White House policies have concentrated gains at the top while making housing less affordable for ordinary Americans. “$1,400,000,000,” the speaker said, presenting that figure as money taken by the Trump family since his return to the White House and using it to frame a broader argument about economic inequality.
The speaker criticized a range of administration actions and proposals, saying they are worsening housing affordability. “He floats absurd ideas like a 50 year mortgage that would trap families in debt while doing…
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