Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) updated their protections for tenants in multifamily properties with mortgages backed by the government-sponsored enterprises (GSEs). Beginning Feb. 28, 2025, all new GSE-backed loans will require multifamily...
The property management software company RealPage Inc. has pushed back at the antitrust lawsuit filed by the U.S. Department of Justice (DOJ) that claimed its products were used to coordinate rent hikes by landlords, claiming the lawsuit “cherry picks” aspects of its...
The National Association of Realtors (NAR) is facing its second realtor-filed lawsuit in a month. According to a report in The Real Deal, NAR is a co-defendant in a lawsuit filed by eight realtors against Move (the parent company of Realtor.com), News Corp (the parent...
Community Preservation Partners (CCP), an affordable housing preservation developer, has announced its acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP’s total development investment is...
Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, has sponsored the purchase of The Morris, a 19-story, 344-unit Class A apartment community in Nashville. The acquisition closed on Aug. 16 and the financial terms of the transaction were...
The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced a $1.5 million increase for its Community First Housing Counseling Resource Program (HCRP) for the current program year. FHLBank Chicago launched the HCRP in 2022 to provide grants to HUD-certified...
Mortgage Application Activity Slows Amid Higher Rates
