Three former Republican governors of Louisiana are urging President Bush to take a "second look" at Rep. Richard Baker's plan for rebuilding New Orleans and other areas of the state that lay in ruins."The bottom line is this: it is difficult to understand how Louisiana rebuilds if the landscape is littered with the remains of over 200,000 unusable homes and business properties," the former governors say in a letter to President Bush. "Something has to be done about them, or else the alternative is that they lie like ruins, tied up in a legal mess impenetrable to the private market, for years and years to come." Former Govs. Mike Foster, Buddy Roemer, and David Treen stress that the Louisiana Recovery Corp. proposed by Rep. Baker, R-La., could "make a difference for all the folks financially tied up in these properties." Bush administration officials informed Rep. Baker on Jan. 23 that they oppose his bill (H.R. 4100) to create a government corporation to oversee and finance the cleanup and rebuilding of New Orleans and other hard-hit areas of the state. "[W]e feel a special need to give you a sense of the real disappointment in the state following your administration's announcement not to support Richard Baker's Louisiana Recovery Corporation bill," the governors told the president.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27