Louisiana has hired a consulting firm, ICF International, to assist nearly 120,000 homeowners in applying for state grants to rebuild their hurricane-damaged and flooded properties.Louisiana has $4.2 billion in Community Development Block Grant funds lined up to fund the "Road Home" grant assistance program, which is designed to cover the costs of repairing or rebuilding homes damaged in hurricanes Katrina and Rita. Eligible homeowners can receive grants of up to $150,000. "The ICF team is committed to combining our deep program expertise in housing and community development, disaster recovery, and grants management to help restore the vitality of this great state," said ICF senior vice president Michael Byrne. Over the next four months, the Fairfax, Va.-based consulting firm will set up centers to process grant applications and provide housing counseling. Over 90,000 residents have signed up for Road Home grants, and it is estimated that another 30,000 homeowners could qualify.
-
Social media posters are promoting how consumers can acquire properties without engaging the existing lender or servicer, observers of this activity warn.
2h ago -
California Gov. Gavin Newsom signed a bill that requires HOAs to hold a minimum reserve contribution and the California Fair Lending Examination Act last week.
October 6 -
The REIT accused the wholesale leader of hiding its massive market gamble during the negotiations, which resulted in $741 million in losses.
October 6 -
The Federal Reserve is restructuring bank supervision into five regions, following state lines, and putting one regional leader in charge. It's also planning to revise regulatory thresholds so that banks will need to be bigger before tougher standards kick in.
October 6 -
The megalender's new platform, called Orbit, aims to provide its broker partners with advantages and perks that help them compete in a tough rate environment.
October 6 -
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
October 5









