Last month, President Donald J. Trump signed an Executive Order STOPPING WALL STREET COMPETITION WITH HOMEBUYERS. The goal would be to protect the American Dream by ensuring that large institutional investors do not buy single-family homes that families could otherwise afford.
STOPPING WALL STREET COMPETITION WITH HOMEBUYERS
- The Order directs key agencies to issue guidance preventing relevant Federal programs from approving, insuring, guaranteeing, securitizing, or facilitating the sale of single-family homes to institutional investors.
- The Order instructs key agencies to promote sales to individual owner-occupants through first-look policies (which allow individuals and other non-institutional investors to buy foreclosed properties before investors do), disclosure requirements, and anti-circumvention measures.
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