Sen. Wayne Allard, R-Colo., has introduced a homestead bill that would give low-income Katrina victims title to vacant government land so they can build new homes."This legislation will help us begin to rebuild New Orleans and other areas destroyed by the hurricanes and flooding, providing a fresh start for families victimized by this tragedy," Sen. Allard said. The Bush administration supports the Allard bill, which would allow the Department of Housing and Urban Development to use foreclosed Federal Housing Administration properties for the new homesteading program. After removing the debris from the home sites, HUD and local governments would work with Habitat for Humanity, mortgage lenders, and other partners to help the homesteaders construct new homes. "President Bush and I believe that homesteading is an important part of a long-term recovery strategy for the Gulf Coast region," HUD Secretary Alphonso Jackson said.
-
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
7h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27