Housing Wire

MARCH 16, 2021

Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. This case study explores how the correspondent lender was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE).

Property Taxes 397

Property Taxes Tools Clients Lending 397

Appraisal Buzz

JULY 30, 2024

The programs studied in “ Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges ” provide direct and indirect public subsidy, everything from grants and loans to property tax exemption and government guarantee of construction loans (see table below).

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Government Property Taxes Construction Appraisal 399

Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB.

Mortgage 396

Mortgage Renovations Finance Property Taxes 396

Appraisal Partners Blog

MARCH 18, 2025

Property taxes are a significant expense for homeowners. If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. A successful appeal can result in a lower tax bill, saving you money each year.

Property Taxes 78

Property Taxes Market Value Appraisal Inspection 78

Housing Wire

DECEMBER 20, 2024

The legislation, known as The Mortgage Insurance Freedom Act, comes amid rising mortgage rates , home prices and other costs of homeownership , such as insurance and property taxes. This is comparable to existing policies in the market for conventional loans backed by Fannie Mae and Freddie Mac.

Insurance 418

Insurance Mortgage Property Taxes Design 418

Eyes on Housing

DECEMBER 21, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6%

Property Taxes 197

Property Taxes Government 197

Eyes on Housing

MARCH 26, 2025

Property tax revenue collected by state and local governments reached a new high in 2024 and continued to make up a bulk of tax revenue. Total tax revenue for state and local governments also reached a high after falling in 2023, driven by higher revenue across all sources.

Property Taxes 157

Property Taxes Government Finance Real Estate 157

Eyes on Housing

MARCH 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

Property Taxes 187

Property Taxes Government 187

Eyes on Housing

JUNE 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue.

Property Taxes 193

Property Taxes Home Value Government Real Estate 193

Housing Wire

APRIL 1, 2025

Terms of the product are broadly similar to those that govern the Federal Housing Administration ‘s Home Equity Conversion Mortgage ( HECM ) loan. The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing.

Mortgage 269

Mortgage HOA Property Taxes Clients 269

The Appraiser Coach

AUGUST 9, 2021

Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Read More.

Property Taxes 221

Property Taxes Real Estate Appraisal Marketing 221

Eyes on Housing

SEPTEMBER 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4%

Property Taxes 178

Property Taxes Government Finance 178

Appraisal Buzz

DECEMBER 11, 2024

of eligible households received government housing aid in 2021, while 11.2 High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. To meet this growing need, leaders at all levels and sectors must prioritize affordable, safe, and accessible housing and communities. Only 36.5%

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Eyes on Housing

OCTOBER 20, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5 billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] 1] Four-quarter property tax revenues have climbed 13.2% since decreasing 0.2% in Q2 2020 (the first decrease since 2012). Read More ›

Property Taxes 183

Property Taxes Local Properties Government Real Estate 183

Housing Wire

JANUARY 6, 2023

This shift is happening because of the increased willingness of private investors to invest in servicing and the government sponsored enterprises’ focus on reducing their footprint. Step 1 – The full population from the portfolio transfer was run through CoreLogic’s databases to check the property tax status.

Property Taxes 448

Property Taxes Clients Buyers Tools 448

Appraisal Buzz

FEBRUARY 4, 2025

Property Prices in Peril underscores a divergence in property values: high-risk areas are likely to experience significant devaluation, while regions perceived as climate-resilient are poised to benefit from increased demand.

Real Estate 391

Real Estate Marketing Insurance Property Taxes 391

Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Property Taxes 396

Property Taxes Renovations Finance Lending 396

Eyes on Housing

MARCH 21, 2022

NAHB analysis of the Census Bureau’s quarterly tax data shows that $672.5 billion in taxes were paid by property owners in the four quarters ending Q4 2021 (not seasonally adjusted), a 1.0% 1] Four-quarter property tax revenues declined 0.6% Property taxes accounted for 36.2% quarterly increase.[1]

Property Taxes 187

Property Taxes Government 187

Eyes on Housing

DECEMBER 21, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% 1] Four-quarter property tax revenues had climbed 14.3% Property taxes. quarterly decline.[1] in Q2 2020.

Property Taxes 173

Property Taxes Government 173

Appraisal Buzz

DECEMBER 5, 2024

Unemployment rates came from federal government data. The conclusions were drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM. Two others, Riverside and San Bernardino counties, were in southern California.

Housing Market 397

Housing Market Marketing Property Taxes Mortgage 397

Housing Wire

APRIL 5, 2022

There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages. Section E: Yay, no government fees… for now! As for property taxes, well, you can kiss that goodbye.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Eyes on Housing

DECEMBER 15, 2022

Real estate taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2021, the difference between average real estate taxes (RETs) paid by New Jersey and Alabama home owners was $8,336.

Property Taxes 37

Property Taxes Real Estate Government 37

Housing Wire

JULY 5, 2024

Proponents of the bill said it would act as a bulwark against ballooning property tax rates, according to reporting at Florida Politics. The Florida PACE Funding Association (FPFA) also praised the signing of the bill. The Florida Legislature and Gov.

Law 435

Law Finance Property Taxes Renovations 435

Appraisal Buzz

JULY 22, 2024

Surveying a diverse group including banks, nonbanks, and government entities, the report indicates a prevailing sentiment among 76% of respondents who foresee continued growth in home prices throughout the year. This optimism comes in spite of the challenges posed by interest rates, which are expected to linger at an average of 6.3%

Property Taxes 389

Property Taxes Insurance Government Sellers 389

Housing Wire

JULY 12, 2024

This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans. Rising costs for homeowners insurance and property taxes were cited by respondents as the biggest potential risks for higher delinquency rates in 2024.

Property Taxes 488

Property Taxes Mortgage Insurance Government 488

Housing Wire

AUGUST 15, 2024

Voxtur serves investor, lender, servicer and government agency clients throughout North America with offices in Tampa and Toronto.

Client Relationships 435

Client Relationships Real Estate Property Taxes Technology 435

Eyes on Housing

JULY 4, 2022

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $672.9 billion in taxes were paid by property owners in the four quarters ending Q1 2022 (not seasonally adjusted), a 0.1% 1] State and local governments collected $1.9 quarterly increase.[1] Read More ›

Property Taxes 183

Property Taxes Government 183

Housing Wire

JUNE 18, 2024

But the bureau alleges that the companies did not maintain adequate staffing to handle as many as 150,000 borrowers per year, which the government claims led to neglect for (and fear from) the senior borrowers they were contracted to serve. However, many borrowers could not get in contact with anyone at the loan servicing operation.

Contracts 448

Contracts Property Taxes Government Law 448

Housing Wire

SEPTEMBER 17, 2024

former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to take on far more risk than they should be. At policy panels held by the Community Home Lenders of America (CHLA) on Monday in Washington, D.C., It sure as hell does.

Property Taxes 434

Property Taxes Government Legal Insurance 434

Housing Wire

JULY 5, 2022

The rollout of APIs follow changes made around modern valuation solutions made by the government-sponsored enterprises (GSEs) over the past year. For system providers, the API diversifies the product solutions on their platforms, which reduces churn rate, the firm said.

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Modernization Valuation Property Taxes Appraisal 418

Housing Wire

DECEMBER 7, 2020

This could be accomplished by raising the minimum down payment, removing the mortgage interest deduction and the property tax benefit. I propose that the federal government allocate funds via significant deficit financing to any state that wants to build homes right away. Hard pass. I would put this responsibility on the states.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

MARCH 10, 2022

“For ongoing non-mortgage costs in particular, expanding programs that help to reduce utility costs and limit property tax burdens for low-income households are obvious solutions.”. The federal government has no simple mechanism to reduce local property taxes or utility costs.

Property Taxes 459

Property Taxes Lending Insurance Local Properties 459

Housing Wire

NOVEMBER 29, 2023

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

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Legal Law Property Taxes Government 459

Housing Wire

JANUARY 8, 2024

In addition to removing a major player from the industry, the bankruptcy also ultimately forced Ginnie Mae to assume control over its extensive portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), straining the government-owned corporation’s resources as well as reverse mortgage industry liquidity in the secondary market.

Property Taxes 458

Property Taxes Law Legal Mortgage 458

Housing Wire

JULY 7, 2023

A requirement of a government-sponsored Home Equity Conversion Mortgage (HECM) is that the homeowner keep their home in good repair while paying any applicable property taxes, homeowners insurance and homeowners association (HOA) fees. The program is also available for reverse mortgage borrowers.

HOA 370

HOA Property Taxes Design Insurance 370

Housing Wire

DECEMBER 14, 2023

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. It’s notable, for example, that any discussion about taxes and government fees baked into closing costs has been absent in this debate.

Insurance 459

Insurance Property Taxes Buyers Investors 459

Appraisal Buzz

APRIL 29, 2024

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

Property Taxes 195

Property Taxes Local Properties Mortgage Government 195