The Department of Housing and Urban Development will be selling thousands more reverse mortgages that have been called due-and-payable on occupied homes, continuing a practice that began late last year. Processing Content More than 2,500 nonvacant loans with a total principal balance around $730 million are going up for sale on Feb. 10. Until recently, department’s […]
FHA reverse mortgage properties go up for sale Read More »
Key insight: President Donald Trump said he would ban institutional investment in single-family homes, and called on Congress to codify the changes. What’s at stake: Banks are often financiers of institutional investments in single-family housing stock. Forward look: The White House doesn’t have unilateral power to ban institutional investors from purchasing single family homes, but
Trump backs ban on institutional buyers in housing market Read More »
Shares of Blackstone Inc. and other housing-related companies tumbled after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Processing Content Blackstone stock fell by as much as 9.3%, before trimming some losses, after Trump said he was “immediately taking steps to ban large institutional investors from buying more
Blackstone, homebuilder shares plunge on Trump housing comments Read More »