Firm completed several upgrades in five-year ownership of Virginia Beach community.
ReadFederal Agencies Reverse Course on Tight Mortgage Rules
Federal agencies, including Fannie Mae and Freddie Mac, are expected to finalize new rules for mortgage-backed securities to encourage lenders to reduce lending restrictions and make it easier for first-time and other entry-level homebuyers.
The new rules reverses the course taken following the 2008 financial crisis, when regulators proposed rules to require larger down payments on mortgages in certain kinds of mortgage-backed securities.
Read more at the Wall Street Journal