NYSE:INVHResidential REITs
Invitation Homes Faces FTC Settlement And Housing Bill Cash Flow Test
Invitation Homes agreed to a $47.2 million settlement with the FTC related to allegedly deceptive leasing practices affecting more than 400,000 renters.
The settlement includes monetary relief and requirements to change how the company handles fees and security deposits.
Separately, Congress is advancing a bill that would limit how long large investors like Invitation Homes can hold newly built single family rental homes before selling them to individual buyers.
Invitation Homes...