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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

The legislation, known as The Mortgage Insurance Freedom Act, comes amid rising mortgage rates , home prices and other costs of homeownership , such as insurance and property taxes. It also comes on the heels of data showing that FHA’s mutual mortgage insurance (MMI) fund is in a healthy position.

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Property Tax Assessment Appeals: Lowering Your Tax Bill

Appraisal Partners Blog

Property taxes are a significant expense for homeowners. If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. A successful appeal can result in a lower tax bill, saving you money each year.

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Housing Hurdles for Older Homeowners 

Appraisal Buzz

of eligible households received government housing aid in 2021, while 11.2 Older Homeowners Desire to Age in Place, But Many Dont Believe Theyll Be Able To According to Harrell, housing costs and communities arent often designed with older homeowners in mind. It is clear that policy action is urgently needed. Only 36.5%

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MBA sees risk in new Florida law that gives first-lien priority to PACE loans

Housing Wire

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.

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HAF funds have kept 300,000 people in their homes: U.S. Treasury

Housing Wire

The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure , according to data released this week by the U.S. Department of the Treasury. “As

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The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations

Appraisal Buzz

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. †

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