NYC Council Passes COPA, Giving Nonprofits First Shot at Troubled Buildings

New York City will give nonprofit housing groups a new advantage when some of the city’s most troubled apartment buildings go up for sale. The City Council’s Housing and Buildings Committee voted on Thursday to approve the Community Opportunity to Purchase Act, or COPA, after the measure cleared the

Nationwide Equities president Glenn Wallace retires after 50 years

General counsel Philip Parziale will take over as president while keeping his legal role

Treasury blueprints carve-outs from ROAD’s Wall Street BTR ban

The proposal calls for an 18-month window for institutional investors to buy newly built BTR communities

Why mortgage leaders are betting on home equity through 2027

Executives cited $35 trillion in accumulated equity and the potential for $150 billion in 2026 originations as second liens gain attention