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Last week the Senate Banking Committee continued the arduous task of sifting through a mountain of ideas related to reforming the U.S. housing finance system.
This week the subject concerns injecting additional private money into the current system.
Before providing details on the content of the hearing, it’s important to put this into context for residential investors...
As a lobbyist fighting on your behalf, I am heavily involved in the housing reform debate precisely because of the massive impact it can and likely will have on small, non-institutional investors. While Fannie and Freddie created a beneficial framework for inexpensive mortgages, the implicit taxpayer guarantee that resulted in their bailout drives the calls for reform.
Since the housing crisis, Fannie and Freddie have not been particularly kind to non-institutional residential real estate investors. My website documents the many concerns we’ve…
John Grant
is the president of the Distressed Property Coalition, a private advocacy effort formed by the top leaders in the residential real estate industry, and dedicated to private market solutions, smaller government, and protecting taxpayers. DPC exists because investors deserve an easier path to buy and sell houses. Investors deserve to shape policies that govern them, not to be subjected to them. Investors deserve better information on current laws and policies. Investors deserve a safe environment to learn more about the industry. DPC is dedicated to providing these services to the residential real estate community. Their content and track record of success in Washington are unprecedented for this industry.
To received Mr. Grant’s policy briefings and newsletter, please visit www.distressedpropertycoalition.com