Morning Roundup (4/6/2023) — Tax Pains

Good Morning! Today is Thursday, April 6. Speaker Kevin McCarthy hosted Taiwan’s president in California. Tennessee Republicans will vote today on whether to expel three Democratic lawmakers who joined a gun-control protest in the state legislature. A tech exec who founded Cash App was stabbed to death in San Francisco.

The Mortgage Note Reports

Valuation Modernization: As technology improves, the concept of valuation modernization is gaining traction and some industry leaders say in a few years in-person appraisals could be a novelty instead of the norm. Editor Kimberley Haas has the story.

Tax Pains: Property taxes are on the rise, another source of financial stress for Americans already struggling under sticky inflation and the affordability crisis.

Parsons At First Home: First Home Mortgage announced the appointment of industry vet Michael Parsons as branch manager of their new office in Gaithersburg, Maryland.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

What are you seeing this spring homebuying season? We want to know. Email us at [email protected].

In other mortgage and housing news…

Investors Pull Back: The gap between mortgage rates and the Treasuries they’re benchmarked to has widened, a sign that investors are retreating from the market.

Playing Nice: Fannie Mae’s Equitable Housing Finance Plan update focuses on expanding credit and education access for underserved borrowers.

Price Prediction: Veros’ 2023 Q1 forecast predicts home prices will be flat overall for the next twelve months, an improvement from the 0.5% YOY depreciation they expected.

Huge Losses Coming: Dave Burt, CEO of DeltaTerra Capital and an early predictor of the 2008 crash sees a climate-related housing disaster on the horizon.


A Major Concern: A new survey of American consumers shows that 9 in 10 Americans are concerned about the current cost of living in the United States.

Demographic Shift: It is predicted that by 2040, 70% of net new homeowners will be Hispanic, shaping a new future for the housing market.