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.
-
The lender, which has fought the nonpayment accusations since 2020, will give over $3.8 million to over 200 past and current employees involved in the case.
July 6 -
A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
July 6 -
Gen Z, whose oldest members turned just 29, represented nearly a third of all first-time home buyer loans, according to ICE's latest Mortgage Monitor report.
July 6 -
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
July 6 -
Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
July 6 -
Three Western states rank most unaffordable compared to income, while those in Midwest and Southern states have more leeway in their budgets for homeownership.
July 6










