News

There's a Better Way for Fannie to Join the Rental Market

Recently, initial public offering documents for Invitation Homes disclosed that it had reached an agreement with Fannie Mae for a $1 billion debt guarantee for its single-family rental portfolio. Invitation Homes is a subsidiary of one of the world's largest private equity funds, the Blackstone Group, which currently manages $367 billion in assets. Instead of backing private equity giants with no strings attached, Fannie Mae should instead target its efforts to make the single-family-rental market safer and more affordable for America's families.


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Fannie Mae's $1 billion Blackstone deal draws fire

A $1 billion deal between Fannie Mae and Blackstone Group is drawing fire from the housing industry and consumer advocates as the investment firm prepares to sell its housing unit in an initial public offering.

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Press Statement: Fannie Mae Financing Blackstone Single Family Rental Acquisitions

(Washington, D.C.) Today, Fannie Mae announced its intention to guarantee up to $1 billion in debt for Invitation Homes, a subsidiary of the wealthy Wall Street investment firm Blackstone and the country's largest owner of single-family rental homes.

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Deutsche Bank Eyes Private Equity Help in U.S. Settlement

Deutsche Bank AG is supposed to give relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government. It is considering an unusual approach to meeting that requirement: lending money to private equity firms and hedge funds.

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Neighborhood Stabilization Initiative Program Expansion Provides Community Buyers Access to REOs in 18 Markets

Erin Persons is Vice President of Program Operations for NCST.

December 1st marked the one-year anniversary of the expanded Neighborhood Stabilization Initiative (NSI) program, in which NCST partners with FHFA, Fannie Mae and Freddie Mac (the GSEs) to provide local community buyers early access to REO properties in 18 key market areas. The GSEs avoid some of the costs associated with holding and marketing these properties and pass those savings on to our buyers.

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Expansion of Neighborhood Stabilization Initiative Program Helps Transfer More Than 1,370 REO Properties to Community Buyers

December 2016 marks the one-year anniversary of the expanded Neighborhood Stabilization Initiative (NSI) program, through which the National Community Stabilization Trust (NCST) provides organizations working to stabilize neighborhoods with access to REO properties from Fannie Mae and Freddie Mac. Because the program enables Fannie Mae and Freddie Mac to avoid some of the costs associated with holding and marketing REO properties, they can pass those savings on to the community buyers.

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NCST Watching Infrastructure Bills, Consumer Protection, and Key Administration Nominations Post-election

Julia Gordon, Executive Vice President, NCST

With the 2016 election now behind us, we face a very different federal government landscape. With both the White House and Congress controlled by the Republicans, executive and regulatory agency leadership will also see a significant shift. Because the Trump campaign never put forward a housing or community development platform, it's difficult - in fact, close to impossible - to make predictions about housing policy.

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Success Stories

Centreville, Maryland - Hogar Hispano, Inc.

Hogar Hispano, Inc. purchased this Maryland single-family home and transformed it with more than $21,000 in rehabilitation to a family-ready home for a buyer who was at 67% of AMI. The family wanted to have their own place with a yard to call home for their children.