“Property taxes took an unusually high turn upward last year, pushing effective rates up, while huge gaps in average tax bills between different parts of country remained in place.”
–ATTOM CEO Rob Barber
Category: News and Trends
CoreLogic Reports Average Home Down Payment Reaches Record High
The average U.S. home down payment reached a record high last fall, according to CoreLogic, Irvine, Calif.
ATTOM: Overall Property Taxes Rose 7% in 2023
ATTOM, Irvine, Calif., released an analysis of property taxes across the U.S., finding that there was a 6.9% increase in overall property taxes levied in 2023 from 2022.
MeridianLink–Unmasking Hidden Costs in Your Mortgage LOS (sponsored content)
JP Kelly, SVP, Mortgage at MeridianLink®, emphasizes assessing LOS effectiveness and adapting swiftly to market changes for scalable lending.
MBANow: MBA’s Chief Economist Mike Fratantoni Discusses the Economy and Mortgage Market
MBA Chief Economist Mike Fratantoni shares his outlook for the economy and mortgage market in a new MBA Now video.
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.
About the MISMO Innovation Investment Fee
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process and much more.
ICE Mortgage Monitor for April: Influence of the ‘Locked-In’ Effect Apparent
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor Report for April, and the “locked-in effect” was front and center. The report highlighted how for many homeowners, giving up their current rate to purchase an equivalently priced home would result in a 40% increase in principal and interest.
CCMS Society Kicks Off CCMS Cares Campaign
The Mortgage Bankers Association’s Commercial Certified Mortgage Servicer Society’s Philanthropic Committee has launched CCMS Cares: Supporting Families in Need, a year-long campaign seeking to support families burdened by the extraordinary expense of caring for a critically ill or injured child.
Dealmaker: Mesa West Capital Funds $81M Loan for Boston-Area Multifamily Community
Mesa West Capital, Los Angeles, provided a joint venture between Toll Brothers and Carlyle with an $81 million loan to refinance Emblem 120, a 289-unit mid-rise multifamily property in Woburn, Mass.