A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

InvestmentsMortgage

HomeUnion expands rental-investment footprint in South Carolina

Now in 23 markets

HomeUnion, an online real-estate investment management firm, added Columbia, South Carolina, to its list of active investment markets. 

As a result, HomeUnion now offers single-family rental properties to investors in 23 markets.

HomeUnion explained that the rental market in the Columbia area is expected to grow as demand for rental homes outpaces housing inventory. Vacancy rates are projected to reach 6.7% at the end of the year, down 80 basis points from 2014. 

This is fueling rent prices that are projected to grow 3.5% to $1,142 per month, HomeUnion said.

“The continued growth and stability in Columbia’s labor, due to the presence of active and retired military personnel as well as the civilian staff that supports the bases, combine to provide a solid economic base for SFR investments,” said Don Ganguly, CEO of HomeUnion. 

“This solid labor base with its strong rental demand supports the high cash flow yields that our investors are seeking as an alternative to the bond and equity markets," he added.

At the beginning of this month, HomeUnion announced it is launching a new division, HomeUnion Lending, which will focus on lending to single-family rental investors.

Most Popular Articles

Biden’s executive order will extend foreclosure moratorium

President Biden plans to sign 17 executive orders his first day in office, including an extension of the eviction and foreclosure moratorium.

Jan 20, 2021 By

Latest Articles

Industry mourns death of PennyMac’s Stanford Kurland

PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer.

Jan 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please