A nationwide Zogby poll commissioned by a coalition of advocacy groups has found that nearly 70% of Americans would be more likely to vote for a presidential candidate in 2008 "who articulated his or her detailed plan for providing affordable housing."Nearly 75% of those polled said a presidential candidate's stand on "how to provide more affordable housing" is important in determining whom they would vote for. Moreover, over 50% of the respondents believe the current national policy on affordable housing is on the wrong track. Findings confirm concerns about an affordable housing crisis that housing experts have been warning about in recent years. The Mortgage Bankers Association stressed that despite an unprecedented national homeownership rate of 69%, "Affordable housing in quality communities is becoming more and more difficult to find." The poll was part of a nationwide affordable housing awareness campaign, entitled "Housing America 2007," spearheaded by the National Association of Housing and Redevelopment Officials.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The mortgage unit of Hilltop Holdings lost $7.2 million pretax in the third quarter with lower volume, following making a small profit three months prior.
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FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.
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The Federal Reserve Friday issued a set of proposed changes to its stress testing program for the largest banks that would disclose the central bank's back-end stress testing models, a move that the Fed had long opposed out of fear of making the tests easier for banks to pass.
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Robert Hartheimer's arrest comes at a time when the bank is trying to recover from a consent order and the Synapse mess.
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Companies reported positive numbers but see challenges in a sluggish housing environment, as federal pressure ramps up to address affordability.
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