The Senate Appropriations Committee has approved $5.2 billion in Community Development Block Grant funds, $1 billion more than the Bush administration requested, to support housing assistance programs in the hurricane-stricken areas of Louisiana, Mississippi, and Texas.If accepted by the House, the extra $1 billion would ensure that Louisiana receives $4.2 billion in CDBG funds requested by President Bush and that CDBG funds will be available to meet housing assistance needs in Mississippi and Texas. The committee's action will "allow us to fully fund our housing program and will enable our citizens to rebuild, repair, and relocate," Louisiana Gov. Kathleen Blanco said. The $106.5 billion supplemental appropriations bill, which includes funding for the Iraq war and hurricane recovery, also increases the president's $1.46 billion request for rebuilding levies by $628.7 million -- contingent on a formal request by the president for the additional funding.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




