The Consumer Financial Protection Bureau recognized a distinction in terms of the treatment of persons working for a company based upon their classification as employees or contractors.
Among the revelations: A large number of single-family homes built in 2013 weren't sold that year; single-family units, surprisingly, kept getting bigger; cash sales remain higher than before the recession.
The CFPB believes that the answer to all of these problems lies in taking the paper completely out of the transaction and closing electronically.
Though the bulk of the ambitious Housing New York plan is intended to build or rehabilitate rentals, there are several homeownership components as well.
By obtaining a third-party opinion that provides a reasoned analysis supporting borrowers' ability to repay, a lender places itself in a substantially stronger position with respect to subsequent ATR claims.