Maryland Condo and HOA Restrictions on Commercial Vehicle Parking

Maryland condominium and homeowners association covenants often prohibit parking “commercial vehicles” without specifying what constitutes a commercial vehicle.  Where a word or phrase used in the declaration of covenants for a condominium or homeowners association is not defined in the covenants or by statute, the board of directors has broad discretion to adopt rules which explain how the provisions of the covenants will be applied.    Read the article……………..

Why consumer protection regulation is necessary — but often useless

The TILA-RESPA Integrated Disclosure rule was conceived as part of the CFPB’s noble goal of giving consumers information about their total loan costs before they signed documents that bound them in a 30-year contract. But for all the good intentions behind this rule, it’s just not practical. Like me, most homeowners are shopping lenders before they even know their property address, so what they are comparing are pre-qualifications or pre-approvals, not loan estimates.

Watchdog: FHA incorrectly insured $1.9 billion in mortgages in 2016

A new report from a federal watchdog finds that the Federal Housing Administration incorrectly insured approximately $1.9 billion worth of mortgages in 2016. The new report, which was published recently by the Department of Housing and Urban Development Office of Inspector General, found that in 2016, the FHA insured an estimated 9,507 borrowers who were actually ineligible for FHA insurance.

Housing authorities see greatest benefit from spending bill

New reports from S&P Global Ratings and Moody’s Investors Service show the housing sector could become the greatest beneficiaries to the recently passed spending plan. The ratings agencies explained the omnibus spending plan is good news for the housing sector supports their stable outlook for 2018.

Fannie Mae completes first credit insurance risk transfer of 2018

Fannie Mae announced it completed its first Credit Insurance Risk Transfer transaction of 2018, transferring risk on $16.9 billion in single-family loans. The deal, CIRT 2018-1, is part of the company’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

Here’s your final preview of the 2018 HW Tech100

Hundreds of companies applied for the honor of being named to the HW Tech100, a list of the most innovative tech companies in the housing and mortgage finance space… but only 100 were crowned. This week, we are previewing several of the companies that made our list. Today is our final sneak peek before we unveil the complete list of winners on Monday.

Roxbury Condo Group Fights Fullerton Plan for Dormant Cement Site (NJ)

Representatives of a Ledgewood condominium development are fighting a Roxbury company’s plan to move its headquarters to a former cement plant site in Kenvil.   The Drakesville at Roxbury Homeowner’s Corp. contends Fullerton Grounds Management’s proposed operation would be noisy, environmentally risky and otherwise detrimental to the neighborhood. A pond that’s part of the Drakesville Condominium project abuts the property being eyed by Fullerton.    Read the article………………..

Living with Canada geese

Less than forty years ago, the giant Canada goose was extremely rare in Indiana. As a result of restoration efforts and a large increase in small urban and suburban water bodies, Canada geese are now quite common. Many people enjoy seeing them fly in a v-formation or hearing their distinctive honk, but problems may occur when too many gather in an area.  Unfortunately the green grass of lawns and any nearby ponds make an ideal nesting site for geese. Typically, developers and landowners unknowingly cause the problem by creating ideal goose habitat. Geese feed extensively on fresh, short, green grass. With a permanent body of water nearby such as a water retention pond, subdivision lake, golf course water hazard or water gardens this creates perfect conditions for geese to set up residence, multiply and concentrate.    Read the article………………

Does Your Community’s Social Media Policy Cover These 4 Key Things?

As more tools bring communities into the digital age, they also bring their own set of challenges. Social media is one of those moving targets. It’s a valuable tool that allows your board to communicate with homeowners with lightning speed about everything from maintenance reminders to event promotions – but it also has the potential for misuse. A simple social media posts could start a community crisis, escalate a situation with an angry homeowner or even put boards and the association in legal trouble.     Read the article……………….

Are Bike-Sharing Programs a Nuisance? (AZ)

If you live near Scottsdale or Phoenix, you have probably noticed a large number of colorful bikes that have recently been introduced to the area. These bikes are part of bike-sharing programs that have partnered with the cities of Phoenix, Scottsdale, Tempe and Mesa. The premise of these programs is very simple: download the company’s app to rent a bike, ride the bike anywhere you need to go and leave the bike at your destination. The bikes are outfitted with a GPS system that allows the company to locate the bike and move it back to a pickup area when a customer is done using the bike.   Read the article…………………