Fri Sep 06 18:55:55 UTC 2024: – Donald Trump plans to ban mortgages for undocumented immigrants in an effort to address housing affordability
– Undocumented immigrants only make up a small portion of the mortgage market, with 5,000 to 6,000 mortgages made to those with Individual Tax Identification numbers in 2023
– It is difficult for undocumented immigrants to obtain home loans, even though banks can accept ITINs as identification
– Trump also aims to make housing more affordable by getting rid of regulations, opening up federal land for housing construction, and lowering interest rates
– However, his views on undocumented immigrants could hinder efforts to lower home prices, as the construction industry relies on immigrant workers to increase housing supply

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