Apartment owners and operators are "outraged" that the Federal Emergency Management Agency continues to house hurricane victims in hotels and motels when tens of thousands of apartments are available at nearly half the cost.The National Multi Housing Council and National Apartment Association have submitted lists of available apartments near the disaster areas that could be used by displaced families. But after a month of negotiations with government officials, "we have not received any assurances that these housing units are being considered for use by evacuees," NAA executive vice president Doug Culkin said. NMHC senior vice president Jim Arbury said his group is "not only bewildered, but outraged. We have worked with Department of Homeland Security officials to create a national clearinghouse of available apartments at www.hurricanehousing.net, yet the government has made no effort to publicize this resource to disaster relief officials or the evacuees." NAA and NMHC officials also noted that government waivers could open up units with federal subsidies and low-income housing tax credits to victims of hurricanes Katrina and Rita. However, Congress has not passed the necessary legislation.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
10h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
10h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
10h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
11h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25