Federal Housing Finance Agency (FHFA) Director Bill Pulte accommodated President Trump’s announcement of a federal purchase of $200 billion in mortgage bonds by making a unilateral and unpublicized policy change that enabled Fannie Mae and Freddie Mac to raise the...
The Department of Housing and Urban Development (HUD) is now requiring all Public Housing Authorities (PHAs) and owners participating in HUD-funded housing to immediately begin verifying the citizenship of their tenants. The new directive follows an audit that found...
Alabama recorded 5,604 home sales during December, an increase of 157 transactions from last year for a 2.9% uptick. But compared to November, sales were down by 3.0%. According to data from the Alabama Association of Realtors, the 19,808 active listings at the end of...
President Trump’s recent focus on restricting large institutional investors from purchasing single-family homes has sparked a new wave of questions: Who is competing for inventory? How does that competition affect affordability? And what happens if the biggest players...
The Supreme Court considers the Federal Reserve, a once-grand mall faces oblivion, and New York City’s mayor has a plumbing update. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 19-23. Miss: The Justices Are Not...
President Trump is rejecting a proposal raised by his administration that would have enabled homebuyers to use money from their 401(k) accounts to finance down payments. The Hill reports National Economic Council Director Kevin Hassett previewed the proposal last week...
