The Department of Housing and Urban Development has announced a partnership with the nation's mayors and county officials to identify thousands of available homes to temporarily house families displaced by Hurricane Katrina.HUD Secretary Alphonso Jackson said public housing authorities within a 500-mile radius of New Orleans estimate that they have approximately 5,600 vacant units that could be made available to public housing residents forced to evacuate their homes. This is in addition to nearly 3,200 vacant single-family HUD-owned properties initially identified by HUD in five states near the affected areas.
-
The Detroit-based mortgage bank's announcement trailed competitors' by over two weeks, but is taking a more aggressive risk-reward stance on the limit.
4m ago -
Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady.
3h ago -
Despite the decrease, average profit margins approached 50%, as the lock-in effect continues to stymie inventory growth and keep home values elevated.
4h ago -
The head of the government-sponsored enterprises' oversight agency also asked existing investors to review risk factors as officials eye a new public offering.
October 15 -
More than 4,000 federal workers received notices Friday that their last day will be Dec. 9.
October 15 -
America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
October 15