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.

  • 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:…

    Read More
  • 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…

    Read More
  • Fannie Mae’s Blackstone Deal Provokes Blowback

    It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE’s saying first, “Supply and demand imbalances continue to be burdensome in many markets, and now Fannie Mae is…

    Read More
  • Fannie Mae Backs Up Blackstone

    A Fannie Mae spokesperson confirmed Wednesday the country’s largest owner of single-family rental homes recently won its backing. The GSE agreed as of Tuesday to backstop up to $1 billion in debt from Blackstone Group’s platform Invitation Homes, the first time a government sponsored entity has agreed…

    Read More
  • How should Deutsche Bank repay consumers for its toxic mortgage mess?

    On Tuesday, the Department of Justice announced it had reached a deal with Deutsche Bank to settle a crisis-era mortgage case. Under the terms of the agreement, the bank said, it would pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief….

    Read More