ADU options set to expand in California [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
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Source: Yahoo! Finance
dwelling unit (ADU) in California , which could provide more options in a state strapped for affordable housing options. The company's “Casita” product is a 361-square-foot home with a full kitchen, bathroom, living area and sleeping area. It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release. “Getting approval to offer our BOXABL Casita in California is a pivotal step forward in our commitment to tackling the affordable housing crisis,“ Galiano Tiramani, co-founder of BOXABL, said in a statement. Roughly one in eight Americans live in California, but the Golden State has a lower homeownership rate (44%) than the U.S. as a whole (50%), according to 2021 data compiled by the Terner Center for Housing Innovation at the University of California at Berkeley . The center also estimated
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News
- Atlanta Housing President and Chief Executive Officer Terri M. Lee Announces First Major Leadership Change [Yahoo! Finance]Yahoo! Finance
- UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative [Yahoo! Finance]Yahoo! Finance
- Housing boom in most of the US could ease shortage, but cost is still a problem [Yahoo! Finance]Yahoo! Finance
- CrossCountry Mortgage Offers Exclusive and Complimentary Line of Duty Death Benefit to First Responders and Their Families [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale TransactionPR Newswire
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 5/14/24 - Form 3
- 5/14/24 - Form 8-K
- 5/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website