Resolution Criteria:

• Resolves YES if:

  • By December 31, 2026, Congress passes and the President signs legislation that amends the Dodd-Frank Act's Qualified Mortgage (QM) rule to allow 50-year mortgage terms, AND
  • The legislation explicitly permits federally-backed agencies (Fannie Mae, Freddie Mac, FHA) to purchase or insure 50-year mortgages as qualified mortgages

• Resolves NO if:

  • No such legislation is passed by December 31, 2026, OR
  • Legislation is passed but only allows 50-year mortgages as non-QM loans (higher rates, not backed by GSEs), OR
  • The proposal stalls in committee, fails to reach a vote, or is vetoed

Key Context:

• Announced TODAY (November 8, 2025) via Trump Truth Social post
• FHFA Director Bill Pulte confirms administration is "working on it"
• Requires Congressional action to amend Dodd-Frank Wall Street Consumer Protection Act
• Current QM rule prohibits mortgage terms longer than 30 years
• Would lower monthly payments by ~$160-280 on typical mortgages
• Faces opposition from housing economists who warn it will inflate home prices and slow equity building