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Generally, existing development in a community is not affected by the new zoning laws because it is "grandfathered" or legally non-conforming as a nonconforming use, meaning the prior development is exempt from compliance. [93] Consequently, zoning may only affect new development in a growing community.
Nonconforming use in urban planning the use of land that was authorised at the time the use was created but is no longer allowed due to changes made to the zoning restrictions after that time. [1]
Non-conforming loans are mortgages that aren't eligible for sale to Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back much of the U.S. mortgage market.
A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
Conforming vs. non-conforming loans A conforming loan conforms to the FHFA’s standards pertaining to the borrower’s credit, down payment and loan size. Fannie Mae and Freddie Mac will only ...
The lot and block survey system is a method used in the United States and Canada to locate and identify land, particularly for lots in densely populated metropolitan areas, suburban areas and exurbs. It is sometimes referred to as the recorded plat survey system or the recorded map survey system .
The number of classes recognized should be kept to the minimum necessary to meet interpretative aims; five should probably be the most ever used. If three Classes are recognized within the Order Suitable, as can often be recommended, the following names and definitions may be appropriate in a qualitative classification:
Continue reading → The post Qualified vs. Non-Qualified Dividends appeared first on SmartAsset Blog. The largest difference is in how each is taxed. To help you determine what stock paying ...