The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Tagged with: President of the United States in Daily Dose, Featured, Government, News About Author: Mike Albanese Sign up for DS News Daily Photo courtesy of the Associated Press.Presidential candidate Michael Bloomberg has dropped out of the 2020 Presidential race. A report by Politico states that the former Mayor of New York spent more than $500 million in just 100 days on his campaign. “Three months ago, I entered the race to defeat Donald Trump,” Bloomberg said in a statement on Twitter. “Today, I’m leaving for the same reason. Defeating Trump starts with uniting behind the candidate with the best shot to do it. It’s clear that is my friend and a great American, Joe Biden.” He continued by saying he is proud of the campaign he ran and to everyone who voted for him. “I want you to stay engaged, active, and committed to our issues. I will be right there with you. And together, we will get it done,” he said. President of the United States 2020-03-04 Mike Albanese Demand Propels Home Prices Upward 2 days ago Michael Bloomberg Drops Out of Presidential Race Previous: Supreme Court Hears Opening Arguments in CFPB Case Next: The Yield Curve’s Relation to Housing Performance Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Share Save Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Michael Bloomberg Drops Out of Presidential Race Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago March 4, 2020 11,080 Views In recent weeks Bloomberg proposed merging Freddie Mac and Fannie Mae as part of his plan to rein in Wall Street if he was to become President. CNBC states that Bloomberg’s plan would bolster reforms either put in place or strengthened as part of the 2010 Dodd-Frank act in response to the Great Recession. A press release from Bloomberg’s campaign stated his plan includes merging Fannie Mae and Freddie Mac into a single-government owned mortgage guarantor to “ensure taxpayers are properly compensated for loan guarantees” and low-income households are well-served. This story will be updated.