Tag: federal housing finance agency
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REO To Rental Market Emerging As Institutional Asset Class
The single family rental market has historically been a fragmented market funded with capital from smaller mom and pop type investors. Institutional investor interest has increased significantly as the large foreclosure inventory combined with a secular shift toward renting has created the possibility of larger-scale investments in the space. Private Equity and Institutional investors interested in acquiring…
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Refinance Upside Down Property
The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months. HARP’s new end date is June 30, 2011. Originally known as Making Home Affordable, HARP aims to help homeowners refinance their mortgage who may otherwise be ineligible because of falling home values. There are 4 basic HARP criteria every…