The Federal Emergency Management Agency has released flood guidance that will allow rebuilding in almost all of New Orleans, even though homes and other structures must be elevated by at least three feet to qualify for federal flood insurance."FEMA strongly recommends [that] communities build higher and stronger to reduce vulnerability from flooding during hurricanes," a flood insurance official said. Louisiana Gov. Kathleen Blanco said the long-awaited flood guidance is a "crucial element for residents determining how to rebuild their homes." Meanwhile, the Bush administration reduced its estimates for repairing and fortifying the levees in southeastern Louisiana, concluding that only $4.1 billion in additional funding is needed. Donald Powell, the president's coordinator for Gulf Coast rebuilding, said the administration will ask Congress for $2.5 billion to ensure completion of the levees around New Orleans. The improvements should provide flood protection for 98% of the population in the New Orleans area, according to the U.S. Army Corps of Engineers.
-
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




