Andrew Meehan Supports the Homeowners Alliance

 

 


  • signed up on Speak at public hearing 2020 2020-11-23 14:13:42 -0500

    Great Work! You can also tell Mike Causey your story directly.

    Thank you for emailing Commissioner Mike Causey and asking him to oppose the insurance companies’ cash grab. There are other opportunities to help us fight back. The Insurance Commissioner is holding a virtual public hearing on December 10th. Please check either or both of the boxes below if you would like to continue to make your voice heard.

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  • published Wilkes County Housing 2020-10-02 09:31:27 -0400

    Wilkes County -- Tackling Housing Affordability with Data

    Communities across North Carolina are struggling with the challenge of housing affordability. One of the critical factors in housing affordability is housing availability. 

    But each community is unique. That is why community leaders in Wilkes County had to gather their own data.

    The NC Homeowners Alliance partnered with the Winston-Salem Regional Association of REALTORS and Wilkes County Economic Development Corporation to fund and create an innovative study on housing in Wilkes County.

    For Wilkes County, housing supply is critical for attracting employers.

    Some of the findings of the study include:

    • Wilkes County would need 995 additional rentals and 1,511 for-sale unites over the next five years
    • The housing needs and opportunities of the county are diverse and significant, and efforts should be placed on a broad based approach to address housing.
    • Nearly 10,0000 commuters travel daily into the county. These are individuals who could become residents.
    • With more than 30 potential sites identified in the market, Wilkes County offers numerous opportunities with both vacant parcels for new construction projects and existing buildings that could represent adaptive reuse projects.

    What's Next?

    County leaders can now work with developers and policymakers to start meeting the demand. The report identifies opportunities for both new housing and renovation of existing structures.

    You can read the full report here.

    The NC Homeowners Alliance looks forward to working with other communities on housing affordability.


  • published Make Sure You Are Counted 2020-09-21 11:30:15 -0400

    The NC Homeowners Alliance is proud to support our state's efforts to achieve a full Census count. Every year, more than $1.4 trillion in federal funds are allocated to states based on the census. This makes your participation critical.

    This year is the first time in history that people will be allowed to respond online using digital devices. We urge you to complete your census form today.

    For North Carolina, just a three percent undercount could mean a loss of nearly a billion dollars in federal funding. In addition, North Carolina is on track to gain a seat in the House of Representatives. Getting the proper representation that we deserve depends on citizen participation in the census.

    An accurate census count is critical for so many issues that are important to homeowners:

    • Businesses and government rely heavily on quality census data to help make important decisions related to sustainability and growth.
    • Census figures fuel medical, economic and social research on communities, and inform much of our local infrastructure planning and decision-making processes – for both public and private sectors.
    • Due to many variables, children are historically one of the most undercounted populations in our state. Children under five years old represent six percent of our state's population.

    For these reasons and so many more, every North Carolinian needs to fill out their census forms. Please share this information. The deadline is fast approaching.


  • wants to volunteer 2020-08-13 13:11:33 -0400

    Thank You for Taking Action

    Thank you for contacting your legislator in support of House Bill 1200. Would you be willing to take any of the additional actions below to help us ensure that this important legislation passes?

    Become a volunteer

  • Tell Legislators to Support Homeowners and Solve Housing Crisis

    Support House Bill 1200

    When Congress passed the CARES Act, funding to the states was allocated to support housing stability. The money is intended to provide grants for economically distressed citizens who are in danger of foreclosure and eviction. North Carolina is one of the few states in the country that has not yet created the housing relief program. It’s time for that to change.

    We are strongly urging the North Carolina General Assembly to pass House Bill 1200: Foreclosure Prevention Grants and Rental/Utility Assistance.

    Housing stability impacts every North Carolina citizen, either directly or indirectly. Foreclosure and eviction prevention have broad bi-partisan support. Tell your legislators to support House Bill 1200.

    NOTE: You can edit the email below, and we encourage you to personalize your message with stories or other points that matter to you.


  • published COVID-19 Resources for Homeowners 2020-04-17 11:39:30 -0400

    COVID-19 Resources for Homeowners

    The NC Homeowners Alliance wanted to put the most critical information for homeowners in one place. On this page, you will find what you need to know about mortgage relief and finances during this crisis. We will update this page as needed.

    Update August 13

    Housing relief legislation pending at NC General Assembly

    North Carolina is facing a potential housing crisis, and the General Assembly is considering legislation that would help. We have made it easy to contact your legislators today.

    House Bill 1200 would utilize federal coronavirus relief dollars to create grants for distressed homeowners and renters.

    This grant program is desperately needed:

    • In July, one-third of families could not pay their rent and 1 in 5 may face eviction by the end of the year. 
    • By the end of July, 23 percent of North Carolinians were housing insecure.
    • As many as one million families in North Carolina have fallen behind on their electric, water, and sewage bills.

    Your communication with your legislators can make a big difference in passing this important legislation.

    The North Carolina Homeowners Alliance makes it easy to contact your legislator. It will take just a few minutes, and it could make a big difference for thousands of North Carolinians.

     

    REALTOR Champions for Homeowners

    The NC Homeowners Alliance is an initiative of the NC REALTOR. Throughout the Covid-19 crisis, REALTORS have been champions for many policies that directly benefit homeowners. The National Association of REALTORS are tracking various issues here.

    Mortgage Relief

    Federal housing agencies have clarified their policies on or mortgage relief for federally-backed loans. Homeowners can visit the links below to find out more information. Both Freddie Mac and Fannie Mae have loan look-up tools that consumers can use to determine if their loans are federally-backed.

    Additional information can be found through the federal mortgage entities and agencies:

    For families

    Many homeowners are waiting for more information about kids returning to school in the fall. While there is no definitive answer at this time, there are various resources where parents can learn the latest information.

    Census 2020: Count Yourself In

    Whether you live in a rural, suburban or urban community, your response to the 2020 census will influence how billions of federal dollars flow into your community over the next decade. This funding supports programs in your community that expand housing, grow jobs, support emergency service workers and much more. Count yourself in on decisions that shape the future of your community and your country!

    Complete your Census response at the Census Bureau.

    You can also learn more about the importance of the Census at Home Ownership Matters.

     

    Buying/Selling a Home

    The National Association of REALTORS have created a guide for their membership concerning property transactions and other matters. If you are a homeowner with property for sale or under contract, there is useful information for you.

     

    Does the HUD/FHFA moratorium on foreclosures cover everyone in the country?

    No, the moratorium only affects borrowers with mortgages backed by Fannie Mae, Freddie Mac, FHA, VA and RHS. This does not apply to the roughly 35% of mortgages held in bank portfolios and private label securities, but some lenders are offering relief.

    The HUD notice(link is external) only applies to FHA single family mortgage borrowers and Home Equity Conversion Mortgage (HECM) borrowers. The moratorium is set for 60 days (through May 16th). FHFA has also directed(link is external) Freddie Mac and Fannie Mae to do the same. Homeowners should check with their mortgage servicer/lender.

    My company’s offices are closed, and I am having a hard time providing my final verification of employment within the 10 days prior to loan closing.

    FHA(link is external) and RHS(link is external) are allowing verbal verification of employment – meaning your employer can provide this by phone. RHS is also allowing email verification. If you cannot get either of these, the lender will require higher reserves to cover risk.

    Fannie Mae and Freddie Mac will allow verbal verification when available and an email verification under certain conditions. They have also made other forms of temporary verification available in order to help with verification while social distancing.

    I have heard that the FHA, Fannie Mae, and Freddie Mac have raised rates and fees on borrowers with lower credit scores or smaller down payments?

    These claims are not true. To date, neither the FHA nor Fannie Mae and Freddie Mac have made any changes to credit scoring or down payment requirements. The only change they have made for borrowers is to allow MORE flexibility in how a lender can verify employment.

    Some individual lenders are adding their own, higher standards on these products. The rational is that the cost of servicing these loans has surged due to the widespread forbearance that is taxing servicers’ resources. Under forbearance, the servicer must continue to pay PITI to the investor, but the sheer volume of forbearance to deal with the COVID-19 response is unprecedented. Since lower-credit borrowers are more likely to take forbearance and servicing is harder to get, lenders are less willing to extend this credit regardless of the FHA or GSEs’ standards.

    NAR wrote to the Treasury, Federal Reserve, and the Federal Housing Finance Agency requesting that they do more to help servicers deal with the unprecedented demands on funds due to broad servicing. Improving servicing is one key to improving the flow of funds to borrowers and homeowners.

    Ginnie Mae has announced the creation of a new program(link is external), that should help alleviate lender concerns and improve access to mortgage financing. The program will provide cover for lenders by advancing them the money so they can make the required pass-through payments to investors during the forbearance period. They anticipate this new program to be available in about 2 weeks.

    My lender indicated that the IRS has shut down and they cannot process loans without an income verification document that only the IRS can generate. Is this true?

    Luckily, there is precedence for an IRS closure based on several recent government shutdowns. Some lenders may require this document, but Fannie Mae and Freddie Mac do not, so this is a lender overlay.

    Fannie and Freddie both issued guidance in January 2019 following the then government shutdown to note that they do not require the 4506T IRS tax transcripts at closing. Rather, they only require a request for the document be signed by the borrower. However, they do require the tax transcript be submitted as part of their post-closing review. We have asked both Fannie and Freddie to clarify and publish updated guidance given the unique challenges that the response to COVID-19 presents.

    Furthermore, the IRS reopened this facility during the shutdown as it was deemed essential. We have reached out to the IRS on this point.


  • published Issues survey 2020-03-12 15:42:24 -0400

    What issues matter most to you?

    The NC Homeowners Alliance works on a wide range of issues for homeowners. To most effectively communicate with you, please tell us how you rank five issues in level of importance. This survey is just five questions and will take less than two minutes.

     

     

    Take the survey

  • published Insurance opt-in 2019-11-24 19:54:59 -0500

    Continuing the Fight on Homeowners Insurance

    Thank you for agreeing to continue the fight against unreasonable homeowners insurance rates. The NC Homeowners Alliance will keep you up-to-date as we work to protect consumers.


  • published Insurance survey 2019-04-22 15:57:06 -0400

    What is the biggest problem with NC's home insurance marketplace?

    North Carolina is the only state in the country that allows insurance companies to work together and set rates. As the NC Homeowners Alliance begins to work with policymakers on a better way...

    Take the survey

  • endorsed 2017-05-01 17:51:32 -0400

    Become a Homeowner Champion!

    The NC Homeowners Alliance raises awareness of issues in state and local government that affect consumers' most important investment: their home. As part of the effort to reach homeowners, the Alliance has started a new program providing customized content to REALTORS®. This unique content can be used in marketing efforts with both clients and prospects.

    Please watch the video to learn more. You can add your name to the statement below to have your agents start receiving customized content!

    Getting the customized content is simple. By adding your name to the statement below below, you agree to let the Alliance send quarterly content to your Brokers in Charge. The BICs will then distribute the content to individual agents.

    I agree to participate in the Homeowners Champions Program.

    I would like my Brokers in Charge to receive unique quarterly content for use with agents' client and prospect lists. This content can occasionally be customized to my region on issues such as:

    1. Tax issues at the legislature
    2. Insurance regulations and rates
    3. Local spending on parks, roads and infrastructure
    4. Important zoning debates

    I will encourage my brokers to distribute this information to agents.

    Endorse

  • published Keeping Us Current 2014-05-27 21:52:47 -0400

    Keeping Us Current

    We appreciate your commitment to the issues that matter most to homeowners. The NC Homeowners Alliance sends regular updates and education items to members on housing affordability, taxes, insurance rates and other issues. We also encourage members to contact their elected officials when there is important legislation pending at the NC General Assembly.

    So that we can keep you informed the right way, please update your information with us. Let us know about your priorities as a homeowner.

     

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