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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

HOA 358
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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

Appraiserblogs

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

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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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The Hidden Costs of Homeownership

Eppraisal

It's prudent to establish an emergency fund specifically designated for home repairs. Property Taxes Property taxes are often overlooked in the excitement of buying a home. Property Taxes Property taxes are often overlooked in the excitement of buying a home.

HOA 36
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When borrowers ‘ghost’ their servicers

Housing Wire

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. But to simplify their operations, servicers voluntarily offered the safeguard for all borrowers, not only those who had loans guaranteed by government agencies, such as Fannie Mae and Freddie Mac.

Law 360
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Foreclosures are rising, but it’s not yet alarming

Housing Wire

But more broadly, since the Great Recession in 2008, there has been a greater implementation of standardized loss-mitigation measures designed to prevent a foreclosure crisis. rising dramatically in the past few years, some owners cannot afford the proportional increase in tax bills. foreclosure rate at 0.3%