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REI INK and RCN Capital Announce the “A Year In Review” Virtual Venue Webinar

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REI INK and RCN Capital would like to invite you to our “A Year In Review” virtual webinar. In 2020 we hosted multiple webinars covering a broad range of topics moderated by Jeff Tesch, the CEO of RCN Capital. Joining Jeff at each webinar were leaders in the real estate industry sharing their expertise on navigating the COVID crisis. On March 15th, Jeff Tesch will be moderating three separate panels from 1:00 to 3:00 EST. First Session: 1:00 – 1:40 Property Management Path Forward What process changes have you developed to help maneuver through COVID? How has technology helped you adapt to the new surroundings? What have you decided to keep doing path forward? Are you prepared for potential eviction services, should you need them? Where was your silver lining? Hear from industry experts what opportunities for evolution have helped them weather the storm! Panelists Nickie Badalamenti-Kalas, President – Five Brothers Asset Management Solutions James Barrett, Co-Founder & CEO – Tenant Turner Greg Rand, Chief Strategy Officer – Renters Warehouse Second Session: 1:40 – 2:20 Funding Strategies to Help Build Your Portfolio Hear what financing is available for Buy & Hold, Fix & Flip and Build to Rent. What opportunities lie ahead to bolster your portfolio? What should you consider with your funding strategies? Learn from industry experts what post-Covid strategies are best in class! Panelists Steven Katz, Chief Investment Officer & EVP – Arbor Realty Trust Nathan Long, President – Quest Trust Jennifer McGuinness, Founder – Mortgage Venture Partners Charles Sells, CEO – PIP Group Third Session: 2:20 – 3:00 Services and Strategies What due diligence can help guarantee a good acquisition? Where can you source assets for your portfolio? How can Auction, MLS, Foreclosure and Off-Market assets impact your bottom line? Learn how to engage new strategies to expand your portfolio! Panelists Ryan Hennessy, CEO – Keystone Asset Management David Hicks, CEO – HomeVestors Rick Sharga, EVP – RealtyTrac Rebecca Smith, VP – Radian Real Estate Management Join us Monday, March 15 to hear these industry leaders discuss their perspectives on 2020 and their strategies for 2021. Please click the button below to register for this FREE webinar.

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Each year, the Congressional Budget Office publishes a report presenting its projections of what federal debt, deficits, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change. This report is the latest in the series. Deficits. At an estimated 10.3 percent of gross domestic product (GDP), the deficit in 2021 would be the second largest since 1945, exceeded only by the 14.9 percent shortfall recorded last year. In CBO’s projections, deficits decline as the effects of the 2020–2021 coronavirus pandemic wane. But they remain large by historical standards and begin to increase again during the latter half of the decade. Deficits increase further in subsequent decades, from 5.7 percent of GDP in 2031 to 13.3 percent by 2051—exceeding their 50-year average of 3.3 percent of GDP in each year during that period. Debt. By the end of 2021, federal debt held by the public is projected to equal 102 percent of GDP. Debt would reach 107 percent of GDP (surpassing its historical high) in 2031 and would almost double to 202 percent of GDP by 2051. Debt that is high and rising as a percentage of GDP boosts federal and private borrowing costs, slows the growth of economic output, and increases interest payments abroad. A growing debt burden could increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar, making it more costly to finance public and private activity in international markets. Spending. After the spending associated with the pandemic declines in the near term, spending as a percentage of GDP rises in most years in CBO’s projections. With growing debt and rising interest rates, net spending for interest more than triples relative to the size of the economy over the last two decades of the projection period, accounting for most of the growth in total deficits. Another significant contributor to growing deficits is the increase in spending for Social Security (mainly owing to the aging of the population) and for Medicare and the other major health care programs (because of rising health care costs per person and, to a lesser degree, the aging of the population). Revenues. Once the effects of decreased revenues associated with the economic disruption caused by the pandemic dissipate, revenues measured as a percentage of GDP are generally projected to rise. After 2025, they increase in CBO’s projections largely because of scheduled changes in tax rules, including the expiration of nearly all the changes made to individual income taxes by the 2017 tax act. After 2031, revenues continue to rise—but not as fast as the growth in spending. Most of the long-term growth in revenues is attributable to the increasing share of income that is pushed into higher tax brackets. Because future economic conditions are uncertain and budgetary outcomes are sensitive to those conditions, CBO analyzed how those outcomes would differ from its projections if productivity growth or interest rates were higher or lower than the agency expects. Even if economic conditions were more favorable than CBO currently projects, debt in 2051 would probably be much higher than it is today. CBO’s projection of federal debt as a share of GDP is slightly lower in most years over the next three decades than it was in last year’s projections. In current estimates, federal debt rises from 102 percent of GDP in 2021 to 195 percent in 2050, compared with last year’s projected rise from 104 percent of GDP in 2021 to 195 percent in 2050. Projections of spending and revenues differ from last year’s projections for the next decade but are generally similar to them in the longer term.

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Invitation Homes Inc. announced the promotion of John Gibson to executive vice president and chief investment officer, effective immediately. Mr. Gibson joined Invitation Homes in December 2016 as senior vice president, Asset Management. He was promoted to Executive Vice President, Portfolio Management, in March 2019. Prior to joining Invitation Homes, Mr. Gibson spent 21 years with Goldman Sachs and its subsidiary, Archon Group, with various positions in real estate asset management, strategy, and people management, operating from both domestic and international bases. He holds a bachelor of arts degree from Harvard University. In addition, Paul Mauk has been promoted to senior vice president, Portfolio Development. Mr. Mauk joined Invitation Homes in June 2019 as vice president, Portfolio Development, to create additional value for the company by optimizing existing and new revenue driven initiatives, with a specific focus on the development of ancillary products and programs outside of Invitation Homes’ traditional leasing business. Prior to joining Invitation Homes, Mr. Mauk held a variety of roles in real estate investment and operations, including a specialty in golf course management and investment. He holds a bachelor’s degree in business administration from Notre Dame. Finally, two senior executives have been elevated to the company’s internal Executive Committee, which oversees all aspects of the company’s business, finances, operations, people, and culture.Peter DiLello, senior vice president, Investment Management Group, and Alicia MacPhee, senior vice president, Field Division-East, both join the Committee to bring their unique and extensive knowledge to the group. “We are pleased to recognize the strong contributions John, Paul, Peter, and Alicia have made to the company’s business,” said Dallas Tanner, president and chief executive officer of Invitation Homes. “As the nation’s premier home leasing company, we rely on the strength of our people, and we appreciate the value these executives have brought to our company’s leadership as well as to the systems, processes, and teams in their respective organizations.” About Invitation Homes Invitation Homes is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.

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Fannie Mae’s (OTCQB: FNMA) January 2021 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications. The monthly Summary highlights are: • Fannie Mae’s Guaranty Book of Business increased at a compound annualized rate of 6.0% in January.• The Conventional Single-Family Serious Delinquency Rate decreased 7 basis points to 2.80% in January.• The Multifamily Serious Delinquency Rate decreased 2 basis points to 0.96% in January.• As of January 31, 2021, 3.2% and 2.9% of our Single-Family Conventional Book of Business based on unpaid principal balance and loan count, respectively, was in active forbearance, the vast majority of which wererelated to COVID-19; 11% of these loans in forbearance (based on loan count) were current.• As of January 31, 2021, 0.4% of our Multifamily Guaranty Book of Business based on unpaid principal balance was in an active forbearance, the vast majority of which were related to COVID-19.• In January 2021, Fannie Mae issued resecuritizations that were backed by $11.9 billion in Freddie Mac securities.• As of January 31, 2021, Fannie Mae’s maximum exposure to Freddie Mac collateral that was included in outstanding Fannie Mae resecuritizations was $143.3 billion. Monthly Summary | Fannie Mae IMPORTANT NOTE:Fannie Mae has been under conservatorship, with the Federal Housing Finance Agency (FHFA) acting asconservator, since September 6, 2008.

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Synergy, Inc., a second-generation and family-owned construction company, announced plans to expand its business and focus on modular construction, affordable housing, senior housing and assisted living, and other real estate development projects in the mixed-use and multi-family markets. The commercial general contractor is a market leader in modular construction through its Synergy Modular brand, with a large focus on affordable housing and market-rate multi-family housing. Synergy Modular was created to address the challenges of labor shortages and rising costs in the affordable housing market. Using advanced off-site construction methods and innovative processes, the company has found success where others have failed in developing and building affordable housing as well as market-rate multi-family, student, and senior housing. Synergy, Inc. offers a wide variety of construction, development, and financing services that complement the off-site and modular construction businesses. Aside from housing, the company also manages large commercial projects for financial institutions and healthcare companies, among others. “Our mission is to leverage our decades of experience, proven best practices, advanced off-site and modular construction technologies, and development acumen to create an industry-leading real estate company and solve the affordable housing crisis in America,” said Justin Stewart, CEO of Synergy, Inc. Advanced offsite and modular construction methods are the biggest trends in the industry today, but many developers struggle to find the right solution and appropriate budget for their projects. Synergy, Inc. has introduced a one-stop, comprehensive feasibility package that pairs the company’s industry-leading expertise with top architects. More information on this optimized, turn-key solution is available at www.synergymodularfeasibility.com. With offices in Seattle, Scottsdale, and Austin, Synergy, Inc. manages projects throughout the western United States. The company currently has active projects in Washington, California, Arizona, and Texas and is expanding into other states with the right strategic partners. The company is committed to operational excellence and innovation in offsite construction methods and plans to lead the next generation of mixed-use, multi-family, and commercial general contracting, renovations, and specialty projects. More information is available at synergyi.com.

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ATTOM Data Solutions, curator of the nation’s premier property database, released its first-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,449,253) residential properties in the United States are vacant, representing 1.5 percent of all homes. The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/. The report reveals that just 175,414 properties are in the process of foreclosure in the first quarter of this year, down 12.3 percent from the fourth quarter of 2020 and 38 percent from the first quarter of 2020. The number of pre-foreclosure homes sitting empty (6,677 in the first quarter of 2021) is also down 12.3 percent, measured quarterly, while it has decreased 23.1 percent, measured annually. The portion of pre-foreclosure properties that have been abandoned into zombie status remained at 3.8 percent in the first quarter of 2021, compared to the prior quarter. Among the nation’s total stock of nearly 99 million residential properties, zombie properties continue to represent just a miniscule portion – only one of every 14,825 homes in the first quarter of 2021. That figure is down from one in 13,074 in the fourth quarter of 2020 and one in 11,405 in the first quarter of last year. The first-quarter 2021 data shows that empty homes at some point in the foreclosure process continue to disappear from most neighborhoods across the country as the housing market remains strong and the federal government keeps trying to shield homeowners from an economic slide stemming from the worldwide Coronavirus pandemic. A moratorium against lenders foreclosing on government-backed mortgages has been in place since last March, affecting about 70 percent of home loans in the United States. The temporary ban, recently extended to June 30, was enacted under the CARES Act passed by Congress last March to help borrowers who have lost jobs or other sources of income during the pandemic. Some private lenders also have voluntarily offered mortgage extensions. “These days, you can walk through most neighborhoods in the United States and not spot a single zombie foreclosure. That continues a remarkable turnaround from the last recession when many communities were dotted by abandoned properties,” said Todd Teta, chief product officer with ATTOM Data Solutions. “The trend does remain on thin ice because foreclosures are temporarily on hold, and the market is still at risk of another wave of zombie properties when the moratorium is lifted, depending on the general state of the broader economy. For the moment, though, zombie properties remain pretty much a non-issue in the vast majority of the country.” Zombie foreclosures down in 35 states A total of 6,677 residential properties facing possible foreclosure have been vacated by their owners nationwide in the first quarter of 2021, down from 7,612 in the fourth quarter of 2020 and 8,678 in the first quarter of last year. The number dropped, quarter over quarter, in 35 states. Among states with at least 100 properties in pre-foreclosure in the first quarter of 2021, the biggest decreases from last quarter in zombie properties included Kentucky (down 52 percent), Mississippi (down 51 percent), Louisiana (down 48 percent), Connecticut (down 47 percent) and California (down 44 percent). States with the biggest increases included Arkansas (up 63 percent), Texas (up 62 percent), Minnesota (up 32 percent), Massachusetts (up 24 percent) and Missouri (up 20 percent). Zombie-foreclosure rates rise in 29 states Zombie-foreclosure rates increased from the fourth quarter of 2020 to the first quarter of 2021 in 29 states. Those with at least 100 properties in the foreclosure process during the first quarter that have the largest increases include Kansas (rate up from 16.3 percent to 20.7 percent of all properties in the foreclosure process), Arkansas (up from 3.1 percent to 6.6 percent), Minnesota (up from 4.7 percent to 7.1 percent), Maine (up from 8.6 percent to 10.8 percent) and Hawaii (up from 4.7 percent to 6.4 percent). Highest numbers of zombie properties again in northeastern and midwestern states New York continues to have the highest number of zombie properties in the first quarter of 2021 (2,064), followed by Florida (926), Illinois (759), Ohio (633), and New Jersey (363). California leads in the West, with 130. “It’s good to see the number of zombie foreclosures continue to fall,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM Data Solutions company. “But states with vacant properties caught in long judicial foreclosure processes should take steps to accelerate the disposition of those properties. This would reduce the health risks of having homes vacant during a pandemic, and provide much-needed affordable housing inventory to prospective homebuyers.” States in Midwest and South show biggest decreases in overall vacancy rates Vacancy rates for all residential properties in the U.S. declined to 1.46 percent in the first quarter of 2021, from 1.56 percent in the fourth quarter of 2020 and 1.53 percent in the first quarter of last year. States with the biggest decreases are Kentucky (down from 1.8 percent of all homes in the fourth quarter of 2021 to 1.2 percent now vacant), Rhode Island (down from 1.8 percent to 1.3 percent); Indiana (down from 2.5 percent to 2.3 percent), Kansas (down from 2.7 percent to 2.5 percent) and Mississippi (down from 2.7 percent to 2.5 percent). Other high-level findings from first-quarter data: Among metropolitan statistical areas with at least 100,000 residential properties and at least 100 properties facing possible foreclosure, the highest zombie rates in the first quarter of 2021 are in Peoria, IL (15.5 percent of properties in the foreclosure process); South Bend, IN (15.2 percent); Cleveland, OH (12.3 percent); Davenport, IA (11.9 percent) and Baltimore, MD (11.9 percent). Aside from Cleveland and Baltimore, the highest zombie-foreclosure rates in major metro areas with at least 500,000 residential properties and at least 100 properties facing foreclosure are in St. Louis, MO (10.5 percent of foreclosure properties); Indianapolis, IN (9.2 percent) and