The House has passed a bill that will make it easier for persons displaced by hurricanes Katrina and Rita to find apartments that can accept federal rental vouchers.The bill (H.R. 3894) allows the Department of Housing and Urban Development to waive certain requirements so voucher holders can sign short-term leases to rent federally assisted Section 8 apartment units. "With this legislation, anyone who has been displaced by hurricane Katrina or Rita, and is low-income, can now be housed in these [Section 8] apartments, even if they were not receiving government assistance before the hurricanes," said Jim Arbury, who heads up government affairs for the National Multi Housing Council and National Apartment Association. By waiving inspection and government lease requirements, the Hurricane Katrina Emergency Housing Act, sponsored by Rep. Rodney Alexander, R-La., also allows voucher holders to lease certain market-rate apartments. The House passed the bill by a 418-0 vote. "We applaud the House for taking this much-needed step, and we urge the Senate to pass similar legislation," Mr. Arbury said.
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In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
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A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
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Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
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Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
April 7 -
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
April 7 -
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
April 6









