Senate Democrats’ bill targets bulk homebuyers with required disclosures

A collection of Senate Democrats are taking aim at institutional investors in single-family rental (SFR) homes.  Amy Klobuchar (D-Minn.) and Sherrod Brown (D-Ohio) unveiled legislation on Friday that would require corporations and private equity firms to report bulk purchases of single-family homes to federal regulators for antitrust review. The legislation…

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2023 HMDA data: IMBs up to 69% market share

The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market. The full dataset from Consumer Financial Protection…

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