Providence mulls 4% rent cap as national rent control debate boils

The rent stabilization bug has hit Providence, RI. Municipal officials there are jumping on the bandwagon with other cities and states whose local officials have adopted or are weighing the policy as a housing affordability strategy. Providence City Council President Rachel Miller, alongside council

Newfi Lending expands DSCR program to accept crypto reserves

Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirement

Chris Heller joins PLACE as chief revenue officer

Chris Heller has joined PLACE as its chief revenue officer, a newly created role. The company said Heller will oversee revenue strategy across its technology and services portfolio — including pricing, customer acquisition, retention and cross-platform integration. His responsibilities will also inc

GSEs boost foreclosure prevention as forbearances surge

Foreclosure prevention activity increased in October as Fannie Mae and Freddie Mac completed more than 17,000 actions to help struggling homeowners, according to a Federal Housing Finance Agency (FHFA) report released Thursday. The government-sponsored enterprises (GSEs) completed 17,032 foreclosure