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If you're in the market to buy a home and are considering a house in a community governed by a homeowners association, also called an HOA, you'll want to do your research. HOAs can have all sorts ...
The Community Associations Institute, an advocacy group for homeowners associations, says foreclosures are a last resort, but also a matter of fairness: Neighbors who pay shouldn't be penalized by ...
The expansion of accessible credit can come with a downside of exclusion as people with poor credit (those that are considered high risk by credit scoring systems) become dependent on short-term alternatives such as licensed money lenders (the home credit industry), pawn brokers, payday lenders, and even loan sharks. [19]
Image credits: Bill Fletcher #6. I pressed trespassing charges. I had a compost bin against the house. The only way the Karen in charge of the HOA could have see it was to go onto my property.
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
The percentage of risky mortgages was increased while rating companies claimed they were all top-rated. Instead of the limited regions suffering the housing drop, it was felt around the world. The Congressmen who had pushed to create subprime loans [59] [60] now cited Wall Street and their rating companies for misleading these investors. [61] [62]
An estimated 74 million home and condominium owners now live in properties governed by associations of their fellow residents. And to hear the Community Associations Institute tell it, the vast ...
In 2013, McClatchy Newspapers found that "little competition has emerged" since the Credit Rating Agency Reform Act of 2006 was passed "in rating the kinds of complex home-mortgage securities whose implosion led to the 2007 financial crisis". The Big Three's market share of outstanding credit rating has barely shrunk, moving from 98% to 97%. [227]