When an HOA forecloses on a property for unpaid association fees, the servicer faces significant risk of increased loss and even of losing its investor’s stake in the property..
The report found that there are 350 thousand HOAs in the U.S. Together, these organizations claim more than 25 million households as members, which means one out of every five households in the country is subject to HOA rules and fees.
When the Federal Open Market Committee closes its meeting next week, it will likely not conclude with a rate hike. And while that’s good news for borrowers’ wallets now, a new report by Capital Economics states that the Fed cannot stand pat, even though core inflation is clearly rising.The report, released Wednesday, stated that an upward revision in the interest rate is unavoidable. It’s critical because Fed officials have stressed that the pace of interest rate hikes this year will be primarily determined by the actual progress made in inflation returning to the 2 percent target. Relative to December, when the Fed hiked the interest rate for the first time this decade, officials should be revising their inflation projections higher and leaving their GDP growth and unemployment rate projections unchanged.