The mortgage payment services also include the amounts for hazard insurance premiums and property taxes, generally used to maintain the «escrow» account. (badcreditloanservices.com)
If you're wondering how a mortgage loan that pays homeowners can go delinquent, the answer involves homeowners failing to pay property taxes and hazard insurance premiums as required in mortgage loan documents. (fhaloanpros.com)
The Washington Post reports that The US Department of Housing and Urban Development is considering increasing its previously lenient enforcement of reverse mortgage terms requiring borrowers to pay property taxes and hazard insurance premiums when due. (fhaloanpros.com)