Hedge funds may soon be banned from owning single-family homes
The bulk purchase of single-family homes by corporate owners-who then turn them into rentals-has come under increased scrutiny in recent years. Legislators have gradually been responding with bills to rein in and in some cases ban private equity, real estate investment trusts and hedge funds from purchasing single-family homes. According to Next City, the most prominent of these bills was introduced in December 2023: the End Hedge Fund Control of American Homes Act, introduced in the Senate by Oregon Sen. Jeff Merkley with companion legislation introduced in the House by Rep. Adam Smith.
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The Fed just dashed hopes for lower mortgage rates. What homebuyers need to know.
If you expected lower mortgage rates to make buying a home slightly cheaper this spring, consider your hopes dashed, experts say. The Federal Reserve put a hold on interest rate cuts last week and tweaked plans for its balance sheet, actions that may not raise mortgage rates significantly, but will likely keep them elevated, analysts say.
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Zombie 2nd mortgages are coming back to life
Karen had fallen victim to what's called a zombie second mortgage. Homeowners think these loans are long dead. But then the loans come back to life because they get bought up, sometimes for pennies on the dollar, by debt collectors who then move to collect and foreclose on people's homes.
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'Seriously underwater' mortgages rise across US
Around 1 in 37 homes are now worth much less than their remaining mortgage balance, according to new data released Thursday. Nationally, the share of "seriously underwater" mortgages - meaning homes with an outstanding loan at least 25% more than the market value - rose from 2.6% to 2.7% in the first quarter, per real estate data firm ATTOM. However, that share still remains well below the pre-pandemic level when one in 15 homes (6.6%) fell into that category.
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INDIA: Propaganda on land titling is one of many conspiracies hatched by NDA allies, says Jagan
Chief Minister Y.S. Jagan Mohan Reddy has asserted that the Andhra Pradesh Land Titling Act (APLTA) is intended to bestow an unassailable right of ownership of land, and that it even comes with title insurance. "It is a major reform that has never been undertaken," said Mr. Jagan Mohan Reddy while addressing a public meeting at Machilipatnam on May 6 (Monday) and questioned if the leaders of the TDP-BJP-JSP alliance even knew the meaning of land titling.
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