Broker, Non-QM, Digital Products; Changes at Freddie; USDA Primer


Posted To: Pipeline Press

What’s your price hit for a non-owner-occupied loan? Currently, there are 12 million single-family homes being rented in the United States, 35 percent of all rental housing around the country, worth $2.3 trillion. Historically, single-family homes were rented out by owners or small real estate companies, but as we know that’s changing as large corporations have increased their ownership share . It is estimated that the homeownership rate decline, from 67% to 63%, from 2007 to 2014 means that about 1.5 million households shifted from owning their home to renting it. That’s $220 billion in housing wealth transferred from once-homeowners directly to larger corporations. Think Invitation Homes, American Homes 4 Rent, Progress Residential, Main Street Renewal, and Tricon American…(read more)

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