The House has approved a $94.5 billion supplemental appropriations bill that also provides $4.2 billion in additional Community Development Block Grants for Louisiana to help rebuild homes severely damaged in hurricanes Katrina and Rita.Congress provided Louisiana $6.2 billion in CDBG funds last December, but it was deemed inadequate to deal with damage caused by the massive flooding. President Bush requested an additional $4 billion in CDBG funds for Louisiana. The Senate was expected to approve final passage of the supplemental spending bill Thursday. The bill also includes $1 billion in CDBG funds to address hurricane recovery efforts in Mississippi, Texas, Alabama, and Florida. Mississippi and Louisiana are currently using the CDBG funds to provide homeowners with grants of up to $150,000 to repair and rebuild their homes.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
10h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
11h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28