Trump’s Son-In-Law Is Tied Up In Over $500M Of Outstanding Freddie, Fannie Loans
Experts are worried Freddie Mac and Fannie Mae will be unduly influenced to favor Kushner Cos. given the firm’s connection to President Donald Trump.
Jared Kushner is the president’s son-in-law, and while he gave up control of his family’s real estate kingdom to become a top White House adviser, many experts said there remains a deep conflict of interest, Bloomberg reports. Kushner Cos. has apartment buildings with over $500M in government-backed mortgages held up by Fannie Mae and Freddie Mac.
Trump still has not taken the necessary steps to distance himself from his businesses while in office to remove his own conflicts of interest.