If new neighborhoods do not hurt property values, contribute to overcrowding or make traffic any worse, people are more likely to support affordable housing in their own backyards, the third annual National Housing Opportunity Pulse survey found."The survey sheds new light on the conditions that encourage people to support affordable housing," said Pat Vredevoogd, the first vice president of the National Association of Realtors, which sponsors the study. NAR's hope is that the research will serve as a guide to local officials and gives them "the political will to do what people want," said Ms. Vredevoogd, who is a working broker-agent in Grand Rapids, Mich. Eight out of ten of the 1,600 people queried for the survey said the lack of affordable rental and for-sale properties was a major concern.
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The Pittsburgh-based bank's solid third quarter comes weeks after it announced it plans to acquire a Colorado bank for $4.1 billion.
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Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now.
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If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score.
October 14 -
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
October 14 -
Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.
October 14