Tech Products; Disaster Updates; Rates Moved by Peace/Tax Plan

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Posted To: Pipeline Press

Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate, but related news, a GOBankingRates survey from a while back finds Americans say they have the following dollars sitting in their savings account: $0 (39%), $1 to $999 (18%), $1,000 to $4,999 (12%), $5,000 to $9,999 (6%), $10,000 or more (25%). That means 57% of people have less than $1,000 in savings right now. Real problems. Disaster Updates As the extent of Florida’s damage from Irma continues to be assessed, Plaza is implementing temporary disaster policy to assist clients and their borrowers. Refer to Plaza’s Disaster Policy which indicates, based on loan program, when an appraiser or property inspector can complete the inspection. Loans already…(read more)

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