S. 4636: Homeowners’ Escrow Savings Act

S. 4636 is a federal bill in the 119th Congress. Homeowners who currently have money held by their mortgage lender to pay for property taxes and insurance receive no interest on those funds, but under this bill, lenders must pay interest on those escrow balances. Before this change, lenders held these… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.