New draft legislation in Congress would direct housing giants Fannie Mae and Freddie Mac to buy homebuilder construction loans and package them into bonds in the latest push to cut the cost of building homes and boost supply. Processing Content The bill was one of three filed on Thursday aimed at reforming the two government-sponsored […]
New bill calls for GSEs to buy and securitize construction loans Read More »
The 21st Century ROAD to Housing Act, hailed by industry leaders as the most significant housing legislation package in decades, would for the first time aggressively tackle the nation’s affordability crisis by targeting supply constraints rather than just demand. Michael Merritt, BOK Financial‘s senior vice president of customer care and default mortgage servicing, told HousingWire
BOK Financial’s Michael Merritt breaks down ROAD to Housing Act impact on homebuyers Read More »
New York City Mayor Zohran Mamdani delivered on a key campaign promise to freeze rents for many residents. The Rent Guidelines Board gave him what he sought last night. It froze rents on one-year leases and, for the first time, two-year leases in rent-stabilized apartments. Those units make up roughly 41% of the city’s apartment
Mamdani wins rent freeze for stabilized NYC apartments Read More »