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.
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While equity still sits near historic highs, price growth moderation led to shrinkage of the total amount available and a rise in underwater mortgages.
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Consumers are so concerned about rising costs that they often forego coverage altogether, according to two separate studies from Valuepenguin and Realtor.com.
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Getting a dwindling number of mortgages distressed for over a year off the books could improve the enterprises' financial position.
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California-based Linkhome Holdings' new platform allows buyers to use cryptocurrency for property purchases.
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The American Land Title Association is supporting Fidelity National Financial's efforts to stop an anti-money laundering rule from going into effect.
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Elimination of the mundane and the elevation of specialized experts able to train AI are among the changes the mortgage industry may see, its leaders say.
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