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An impound account (also called an escrow account, depending on where you live) is simply an account maintained by the mortgage company to collect insurance and tax payments that are necessary for ...
A dual banking case related to escrow rules is progressing for the first time since the Supreme Court remanded it to the U.S. Court of Appeals for the 2nd Circuit in May. The plaintiffs in the lawsuit ...
As we navigate through 2023 what may happen with the housing market over the next few months in the midst of high interest rates, low inventory, and elevated home prices is still anyone’s guess.
Escrow is a financial account held by a third party on behalf of two other parties engaged in a transaction. The money is held until certain terms of the agreement — such as buying a home ...