Takano On CNBC Discusses Investor Purchases of Single Family Homes

Takano recently sent letters to the Consumer Financial Protection Bureau, the Department of Housing and Urban Development, the Securities Exchange Commission, and the Department of Treasury’s Office of Financial Research requesting information about single family rental backed securities.

In the letters, Rep. Takano said, “I am writing to bring to your attention the recent increase in investor owned rental properties and the development of single family rental backed securities and ask that your agencies address unanswered questions about these new financial products”…”I believe that your offices are perfectly positioned to provide further details on these new financial products and the impact they could have on homeowners and renters.”

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