Housing Wire

DECEMBER 17, 2024

The rule goes into effect on March 1, 2026, according to the CFPB. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said.

Mortgage 396

Mortgage Renovations Property Taxes Finance 396

Appraisal Buzz

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid back through their property tax bills.

Home Improvement 396

Home Improvement Property Taxes Finance Lending 396

Housing Wire

NOVEMBER 11, 2024

As office vacancies increase, the value of commercial office buildings decreases, and if the properties are reassessed for much less than they were worth a few years ago, the town may see a dramatic decrease in property tax revenue. homebuyers to compete with investors for properties. DellaPelle asked.

Real Estate 418

Real Estate Insurance Supply Chain Buyers 418

Appraisal Buzz

JANUARY 13, 2025

Unfortunately, as a result, some homeowners who were counting on relatively fixed homeownership expenses (excluding property taxes) over a 30-year period could be facing a payment shock they cannot afford (presuming they mortgaged a home with the 30-year fixed rate mortgage). On the whole, I think that this would be a mistake.

Construction 418

Construction Supply Chain Government Housing Market 418