February 7, 2017
Tuesday’s Regulatory & Legislative Roundup
- Realtors are unhappy with President Trump’s recent decision to eliminate the “FHA mortgage insurance premium cut.” The National Association of Realtors attributes the downward trend of new home buyers to Trump’s recent decision. Furthermore, they believe reinstating the insurance cut would attract over 38,000 new homeowners.
- Invitation Homes is the United States leading provider for single-family rentals (SFRs). They recently received a 1 billion dollar loan from Fannie Mae. This loan is the government’s first loan of this kind. Laurie Goodman and Karan Kaul, published a report detailing the benefits and drawback to the program and its intended outcomes.
- Ellie Mae released its latest version of Encompass where it lends its support to construction loans. Ellie Mae explains its detailed plans to better support the entire construction process.
