President Donald Trump said the U.S. will not “become a nation of renters” as he announced what he described as a ban on large institutional investors purchasing single-family homes during his speech at the World Economic Forum in Davos on Wednesday.

Trump also said he has directed the government-sponsored enterprises (GSEs) to acquire up to $200 billion in mortgage-backed securities (MBS) and has called on Congress to cap credit card interest rates at 10% annually, framing both moves as efforts to support homeownership. 

Notably absent, however, were several proposals anticipated details ⇒

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