News

NCST serves as an advocate for neighborhood stabilization and blight remediation, and as such, we release articles and also share in press stories with our buyers and sellers to help call attention to their efforts, and to bring more understanding to the continued need for revitalizing our nation’s most vulnerable communities.

  • Freddie Mac Follows Fannie Mae to Rental Market, With Affordability as Goal

    When the government-controlled mortgage finance giant Fannie Mae agreed this year to guarantee a $1 billion financing deal for one of the biggest private-equity-backed landlords in the United States, the move prompted an outcry. Housing advocates and legislators questioned why the landlord, Invitation Homes, which is controlled…

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  • Mortgage Experts Weigh in on Vacant and Abandoned Properties

    Recently, a report from the National Mortgage Servicing Association (NMSA) addressed the issue of vacant and abandoned properties in regard to instituting policies that standardize procedures, definitions, and best practices. The report, which was developed with input from several NMSA member organizations such as Wells Fargo, Bank…

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  • Updated NCST Program Guide Released to Support Stronger Collaboration with Partners

    In the early years of NCST, our Community Buyers all participated in the Neighborhood Stabilization Program, which was governed by HUD rules related to property disposition and related matters. However, once NCST opened the program to any organization that could demonstrate funding, experience, and mission-driven outcomes, NCST…

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  • Corporate landlords may be getting a boost from the government

    Las Vegas resident Kristy Maser has become so frustrated with her house-hunt, she said she sometimes cries herself to sleep at night. “I’ve just lost hope,” the 40 year-old banquet server said of the process. “It’s disheartening.” By Kimberly Adams | June 14, 2017 | http://bit.l/2vZsKAV She’s…

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  • Profiting off pain: Trump confidant cashed in on housing crisis

    One of President Donald Trump’s closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord – buying up homes, bumping up rents and allowing the properties to fall into disrepair. Southern California…

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  • Here’s a Chance to Weigh In on Federal Support for Affordable Housing

    In the U.S. government’s great wealth-building machine, Fannie Mae and Freddie Mac are the most important cog. The 30-year, fixed-rate single-family home mortgage that has made homeownership possible for so many (but not all) would not be so dominant today without these two so-called government-sponsored enterprises. A…

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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. U.S. mortgage settlement included $4.1…

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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. Robert Grossinger, President of the National Community Stabilization Trust…

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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. The National Association of Realtors Tuesday accused Fannie Mae of subsidizing big…

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  • HUD Has Blight-Fighting Power in Its Back Pocket

    A federal program to sell off underwater mortgages has enriched for-profit real estate investors. What if nonprofits and cities focused on neighborhood stabilization bought all of them instead? Ismene Speliotis sent her staff deep into New York’s outer boroughs on an investigative mission in 2015. Their target:…

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