Free Republic

The Senate will today debate the 21st Century ROAD to Housing Act. Buried in the sprawling legislation is a section reportedly written by Sen. Elizabeth Warren titled “Homes Are for People, Not Corporations.” It has the backing of the White House and broad support in the Senate. The idea sounds politically appealing. In practice, it could sow the seeds of the next housing crash. The provision targets large institutional investors that own single-family rental homes. It effectively blocks investors that own more than 350 homes from buying additional single-family houses except under narrow circumstances. Even those purchases must generally be...

Senate blasts through housing reform 89-10 bipartisan.Cuts HUD red tape stops investor home hoarding.Boosts builds fulfills Trump affordability push.The Senate passed the 21st Century ROAD to Housing Act with huge bipartisan support. It fights the housing crunch squeezing working families.Lawmakers like Tim Scott and Elizabeth Warren teamed up on grants and pilots to spark new homes.The bill tweaks rules for more housing types and blocks big investors from snapping up single-family houses.It streamlines federal inspections to speed projects without new spending.“When President Trump and Elizabeth Warren and the Senate majority of Republicans can all come to the same place on...

This is a link to the Reform act (S.2733) that forced banks to write bad loans according to quotas from the Congress, which led us to the housing collapse of 2008.