High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
Tag: Incenter Tax Solutions
Softening the Impact of Spiking Escrows: Incenter’s Craig Eagleson & Alison Tulio
High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
Softening the Impact of Spiking Escrows: Incenter’s Alison Tulio and Craig Eagleson
High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
Industry Briefs Jan. 31, 2022: Ginnie Mae Streamlines Servicing Requirements
Ginnie Mae issued All-Participants Memorandum 22-01 streamlining its documentation requirements for servicers participating in the FHA Advanced Loan Modification program.