Investments / Servicing
From HW Magazine
HOA liens continue to stalk first-lien positions, leaving investors and servicers on the hook
It doesn't exactly send a terrible shiver down the spine in the same way as, say, IRS might. By comparison, HOA bears a somewhat comfortable ring -- standing of course for homeowners' association. Yet for RMBS investors, the man from the HOA can has as chilling an effect as the dreaded taxman.