Former Red Sox investor striking out on Balsams’ restoration | Auditor Bump’s mysterious warning | Baker’s secret weapon in housing spat | Climate change purity contest | About Contrarian Boston State House showdown looms over ‘rent control lite’ To call these bills controversial would be an understatement.
One key factor that politicians continuously ignore is the impact of laws on the access of critical home financing capital secured by selling mortgages into the secondary market through the federal GSE’s, Freddie Mac, and Fannie Mae. Any law that affects the future value of a property, by rent control or resale restrictions has the likelihood of impacting the salability of the mortgage on that property to the GSE’s. This has happened numerous times in the past resulting in the retracting of laws, rules and regulations that imposed such restrictions.
One key factor that politicians continuously ignore is the impact of laws on the access of critical home financing capital secured by selling mortgages into the secondary market through the federal GSE’s, Freddie Mac, and Fannie Mae. Any law that affects the future value of a property, by rent control or resale restrictions has the likelihood of impacting the salability of the mortgage on that property to the GSE’s. This has happened numerous times in the past resulting in the retracting of laws, rules and regulations that imposed such restrictions.