Monday Morning Cup of Coffee: Potential government shutdown looms over 2019 economic forecast

Economists at Capital Economics say that while the U.S.-China trade war is certainly a concern, the potential for a long-lasting government shutdown heading into 2019 is the greatest threat to the economic outlook in the year ahead. “This one could go on for months,” the economists warn, especially if Robert Mueller’s report leads to the president’s impeachment.

Handling Insurance Claims Properly in Community Associations

Whether prompted by a slip and fall injury or the result of property damage, community associations often face dealing with insurance claims. In some cases, these claims cannot be avoided and therefore, associations should be prepared to properly handle such situations. We spoke with Stephannie Ciantro, Property Claims Manager at Mackoul Risk Solutions, to learn about the best practices for handling insurance claims.    Read the article……………….

3 Record Keeping Tips for HOA Board Members

Sorting through a stack of miscellaneous receipts, contracts, and other documents can be tedious at best. Having no organizational system in place to make that search any easier is downright cruelty. Ideally, every HOA board should take time to analyze their current record keeping habits and consider ways to improve them. Otherwise board members will spend more time looking for a document than completing their responsibilities.   Read the article…………………..

4 Ways to Trim Your HOA Budget

Typically, homeowner associations will appoint a treasurer to keep track of monthly expenses, create a working budget, and allocate funds appropriately. Yet, it is not the sole responsibility of the treasurer to manage the budget. One of the essential duties of the entire HOA board is to continuously review the annual budget and make adjustments when necessary.     Read the article…………………

Tips for Vetting Homeowner Association Vendors

Amenities. Comfort. Community-living. These are just some of the things that draw people to homeowner association communities. Most, if not all, of the benefits that homeowners expect to receive are provided by vendors. Nobody assumes that the members of the HOA board are going to be the ones out there mowing lawns and trimming hedges and that’s where vendors play their part. However, not every vendor is equal – not just in job description but in quality, price, and integrity.   Read the article………………….

Trump picks former CFPB Director Mick Mulvaney to be White House chief of staff

President Donald Trump has apparently long considered Mick Mulvaney to serve as White House chief of staff, and now, after numerous fits and starts to that process, Mulvaney is finally set to replace John Kelly in that role. Trump announced via Twitter on Friday afternoon that he is naming Mulvaney as the “acting” White House chief of staff. According to Trump, Mulvaney will officially take over as chief of staff when Kelly leaves the administration at the end of this year.

FHA raises reverse mortgage loan limits

The Federal Housing Administration has increased the maximum claim amount for reverse mortgages for the third consecutive year, announcing Friday that it will raise HECM claim amounts to $726,525 in 2019. What does this mean for the HECM?

FHA loan limits to increase in most of U.S. in 2019

The Federal Housing Administration announced its new loan limits for 2019, and it looks like most of the country will see an increase. These new loan limits will be effective for FHA loans assigned on or after January 1, 2019.

FHFA issues new rule effectively prohibiting Fannie and Freddie from using VantageScore

Anyone hoping that Fannie Mae and Freddie Mac may soon start using VantageScore as an alternative to their current FICO credit scoring model is about to get a cold dose of reality. The FHFA announced this week that it is issuing new rules surrounding the adoption of alternative credit scoring rules. Chief among those rules is a provision that would prohibit the GSEs from using the VantageScore credit scoring model because of conflicts of interest with the company’s backers.