Federal Watchdog Agency Steps Up Inquiry Into Home Contracts

An oldie but a goodie! Let’s remember that after our HSC committee members sent in letters to the CFPB they forced Fannie Mae to ban the largest companies perpetuating contract-for-deeds in the country. Fannie Mae sold foreclosed homes in bulk to companies post-bailout as the structure of Fannie Mae changes under new housing finance reforms. Read Enterprise Community Partners’ recommendations in the next post: https://www.enterprisecommunity.org/blog/2019/02/understanding-latest-housing-finance-reform-outline