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FHFA Issues New Tenant Protections

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). The GSEs will monitor and enforce these tenant protections, and failure to comply could result in penalties under the loan agreement.

Tenants 435
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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Mission-based owners also offer tenant services such as meal deliveries, after school tutoring, job placement counseling, and digital literacy training.

Landlords 416
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Fannie Mae expands voucher program for multifamily landlords

Housing Wire

In late August, Fannie Mae and Freddie Mac introduced new minimum standards to be included in tenant leases on GSE-backed multifamily properties. It’s now available to borrowers in all parts of the U.S.

Landlords 460
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NAR partners with RentRedi for benefits program

Housing Wire

The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As Tenants can use the app to pay rent, generate reports for credit agencies and submit maintenance requests. NAR has been busy adding partners this year to its Realtor Benefits Program.

Landlords 415
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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 369
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TransUnion to pay $23M to settle complaints of inaccurate tenant screening, security freeze failures

Housing Wire

TransUnion “failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate,” and “withheld, from renters, the names of third parties that were providing the inaccurate information,” the agencies said in a joint statement, leading to an initial $15 million settlement. “We

Tenants 416
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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 417