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Senator and presidential candidate Elizabeth Warren (D-MA) is taking aim at Wall Street and the unregulated takeover of the rental housing market by the country’s largest investment firms.
Her bill would require the government to help keep the majority of these homes in the possession of individuals, community groups, and affordable-housing developers by setting aside a supply of mortgages that Wall Street can't touch.
It would also order the Federal Housing Authority to sell a minimum of 75 percent of single-family properties acquired through foreclosure to owner-occupant buyers or to community groups who will rehab the properties and sell them to owner-occupants.
Needless to say, this is a very big story to watch.
Read on HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.