If you liked the movie “The Big Short” then you’ll want to read this. Mortgage-backed securities (MBSs) are back, and they are being bundled this time as Fix-and-Flip mortgage bonds. It’s “Wall Street’s new housing bet to boost home flippers”, says Inman’s headline on February 15, 2017. What is it? Last year Fannie Mae and … Continued
Portland City Council passes Relocation Assistance ordinance. On February 2, the Portland City Council unanimously passed an ordinance requiring landlords to pay for the relocation costs of some tenants. The ordinance applies to Tenants receiving a no-cause eviction or when the landlord raises the rent by more than 10 percent. In October 2016, the Portland … Continued
Good News from the War on Zombie Properties In his article “Breaking Down Blight”*, Robert Klein heralds the use of polycarbonate clearboarding to be a turning point in the national war against the blight of vacant and abandoned properties. “One of the most significant changes that built positive momentum in the fight against blight occurred … Continued
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