Housing affordability now ranks third among voter concerns and is likely to be an issue for about two-thirds of American voters in the November election, according to a survey by the National Association of Realtors.The survey found that 81% of voters would like to see government place a higher priority on making housing more affordable, and two out of three said they would be more likely to vote for a candidate who works to make housing more affordable, the NAR reported. "Our latest survey found that, despite all of the other concerns America faces, affordable housing ranks as voters' third-greatest concern, just behind health care and the economy," said NAR president Walt McDonald. "Moreover, our survey found that the issue is growing in importance. More voters are worried about the cost of housing today and what it means for their families and their communities than they were just nine months ago." The NAR can be found on the Internet at http://realtor.org.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24