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Freddie Mac spurs landlords to report on-time rent payments

Housing Wire

Freddie Mac wants to encourage multifamily landlords to report positive rental payments to the credit bureaus to give renters a better shot at qualifying for a mortgage. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Landlords 437
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White House, HUD and CFPB detail new actions and priorities to protect renters

Housing Wire

Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to protect tenants renting in multifamily housing units as costs continue to climb, according to an announcement from the White House. HUD], the U.S.

Tenants 314
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HUD proposes 30-day notice rule for public housing rent nonpayment

Housing Wire

Department of Housing and Urban Development (HUD) on Friday published a proposal that would require public housing agencies (PHA) to provide 30 days’ notice before filing an eviction notice in court for nonpayment of rent.

Tenants 478
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. This new dataset will replace our proprietary data standard on April 1, 2024.

Retail 408
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To lure more teachers, CO school districts enter the housing market

Housing Wire

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. The actions of these districts in Colorado is not unprecedented.

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Biden administration rolls out renter protections as rent prices soar

Housing Wire

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

Tenants 396
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The role of consumer transaction data in increasing homeownership access

Housing Wire

Over the past year, the Federal Housing Finance Agency (FHFA) and government-sponsored entities (GSEs) Fannie Mae and Freddie Mac have committed to exploring innovative ways to expand homeownership access safely and securely. This charge couldn’t come at a better time. Utilizing ATP gives lenders the best of both worlds.

Landlords 434