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DS News Webcast: Wednesday 8/26/2015

New research conducted by Freddie Mac released Tuesday indicates that people living in single-family rental properties may be more likely to buy a home than those living in apartments. Freddie Mac's latest survey, conducted in June, found that about 55 percent of renters in both single- and multifamily properties intend to continue renting in the next three years. When dividing up the two categories, however, the data indicated that 53 percent of renters in SFR properties intend to buy a house in the next three years compared to just 36 percent of multifamily renters who plan to buy in that period.

One factor in deciding when to buy a home is how satisfied the renter is with the rental experience. Approximately 68 percent of those satisfied with their rental experience say they intend to continue renting, compared to 32 percent who say they plan to buy a home. About 67 percent of apartment renters said they were satisfied with the rental experience, compared to 60 percent of SFR property renters. According to the U.S. Census Bureau, about 15 million households are single-family rentals, while about 25 million are apartment rentals.

A federal judge in Connecticut has denied a bid by the Royal Bank of Scotland to dismiss a lawsuit filed by the FHFA accusing the bank of misleading Fannie Mae and Freddie Mac in the sale of $32 billion worth of residential mortgage-backed securities before the financial crisis. The FHFA is seeking up to $13 billion in damages in the suit. RBS is one of 18 lenders the FHFA sued in 2011 to recoup taxpayer costs following a $187 billion bailout of Fannie Mae and Freddie Mac in 2008.

About Author: Jordan Funderburk

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