President Bush says he is "comfortable" with the federal government's strategy for rebuilding New Orleans despite the slow progress so far.The federal government is committed to removing the debris and rebuilding the levees and infrastructure, the president told the National Newspapers Association. In addition, Community Development Block Grant funds will provide direct aid to homeowners to repair and rebuild their homes. "I like that idea better" than setting up a new government agency to direct the rebuilding, Mr. Bush said. The CDBG program "allows individual homeowners to make decisions," he added. However, the president noted that the debris removal in parts of New Orleans has been slow because so many homeowners are displaced and living in other parts of the country. But he said he expects that homeowners will return to inspect their homes and allow debris removal as the levees are rebuilt, CDBG funds become available, and a redevelopment plan is put in place. "All this is coming together -- the money is coming together, the levees are coming to together, and the rules about rebuilding are coming together," President Bush said.
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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 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 -
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 -
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




