MISMO®, the real estate finance industry’s standards organization, is seeking public comment on two issues, the previously published IRS 4506-C dataset and the Ability to Repay Decision Model and Notation white paper.
Category: News and Trends
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.
ACES Quality Management: Critical Defect Rate Continues to Decline in Q3
ACES Quality Management, Denver, found the overall critical defect rate continued to fall in Q3 2023, by 2.91% to 1.67%.
MBA Chart of the Week: Payroll Growth and Unemployment
Our Chart of the Week focuses on Friday’s Employment Situation report released by the Bureau of Labor Statistics.
U.S. Adds 303,000 Jobs in March
Total nonfarm payroll employment grew by 303,000 in March, per the U.S. Bureau of Labor Statistics.
Servicing Quote Tuesday, April 2, 2024
“Nationwide, the overall mortgage delinquency rate held steady in January, and the serious delinquency rate fell from a year ago,”
–Molly Boesel, principal economist with CoreLogic
CoreLogic: January Mortgage Delinquency Rate Near Record Low
CoreLogic, Irvine, Calif., said the U.S. housing market posted an overall delinquency rate of 2.8% in January, approaching a record low.
RealPage Survey Reveals Multifamily Fraud Is on the Rise
RealPage, Richardson, Texas, found more than 75% of survey participants report an increase in rental fraud in their multifamily communities in the past year.
Homeowners Average Almost $18,000 Per Year on Non-Mortgage Expenses
The average homeowner spends $17,958 on non-mortgage expenses, a recent study found, listing categories such as maintenance, improvements, utilities, property taxes and insurance.
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.