Mortgage cap would hit California, Florida, New York hardest

 · This year her deduction for these state and local taxes was limited to just $10,000, because of the new SALT cap. “It’s a real hit,” says her tax pro, Claudia Hill, an enrolled agent in.

NEW YORK ( — The delinquency rate for mortgage borrowers spiked higher in the second quarter and the number of homes entering the foreclosure process hit a record high. process in.

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The Florida Hardest-Hit Fund program previously provided temporary mortgage payment and reinstatement assistance, as well as principal reductions, to eligible homeowners who were struggling to make their mortgage payments. But, even though those programs were scheduled to last through 2020, Florida closed these programs to new applications after January 31, 2018 due to a lack of funding.

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Mortgage cap would hit California, Florida, New York hardest York have the California REALTORS Property owners in California, Florida and New launch ballot drive to expand Prop 13. for senior homeowners mortgages, according to a Bloomberg analysis of Fannie, Freddie to up loan limits by $43,500 in most of Bay Area next year

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The rate hike is designed to make property owners pay for the true risk of living in high flood hazard areas, including coastal areas of Florida, New Jersey, New York, Texas and Louisiana. reveal.