Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.
Lawmakers and advocacy groups that criticized the program when launched are now applauding the plan to cancel the pilot program.
Here is a list of multiple sources reporting details on the announcement:
- Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs:
https://www.fhfa.gov/Media/PublicAffairs/Pages/Fannie-Mae-and-Freddie-Mac-to-Conclude-Single-Family-Rental-Pilot-Programs.aspx - National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program:
https://www.nar.realtor/newsroom/national-association-of-realtors-commends-fhfa-decision-to-abandon-single-family-rental-program - Fannie Mae, Freddie Mac ending expansion into single-family rentals:
https://www.housingwire.com/articles/46531-fannie-mae-freddie-mac-ending-expansion-into-single-family-rentals - Fannie-Freddie Overseer Scraps Program for Rental-Home Investors
https://www.bloomberg.com/news/articles/2018-08-25/tesla-to-remain-public-at-request-of-shareholders-musk-says
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