Political Quotes

On the recordJune 3, 2013
In order to avoid this problem, could HUD require lenders to set up an escrow account where, as with forward mortgages, property taxes, and insurance are paid out of that account and then added to the mortgage balance?
Said by
Susan Collins
Republican · Maine

Editor's note · Context

Senator Collins suggests requiring escrow accounts for property taxes and insurance on reverse mortgages.

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