Other than being a blunt instrument to reduce premiums for homeowners, is there an economic reason HB 809 chooses remaining mortgage balance to calculate the value of the house? On its face, it seems to commit to making the bank whole and the homeowner. Is that a fair assessment?
Other than being a blunt instrument to reduce premiums for homeowners, is there an economic reason HB 809 chooses remaining mortgage balance to calculate the value of the house? On its face, it seems to commit to making the bank whole and the homeowner. Is that a fair assessment?