HousingWireHousingWire The City of Los Angeles will pay $38.2 million in a settlement agreement stemming from a 2017 case brought by the U.S. Department of Justice (DOJ) on behalf of a disabled resident. The DOJ alleged the city had “fraudulently obtained millions of dollars in housing grants from the U.S….
Continue reading →HousingWireHousingWire The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac on Wednesday announced new minimum standards to be included in tenant leases on GSE-backed multifamily properties, following up on a policy announced last month by the Federal Housing Finance Agency (FHFA). The new lease standards will require a five-day grace…
Continue reading →HousingWireHousingWire In the newest episode of the Power House podcast, Pacaso CEO and co-founder Austin Allison visits the show to talk about the pros and cons of the co-ownership mortgage model, affordability issues in real estate, and strategies for understanding and developing a strong monetization strategy based on a company’s…
Continue reading →HousingWireHousingWire The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on Wednesday the publication of two rules that extend anti-money laundering regulations to real estate agents and investment advisers, which is part of a broader Biden administration plan designed to curb corruption. “The final residential real estate…
Continue reading →HousingWireHousingWire The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the…
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