The Senate has broken a filibuster on a bill that provides a short-term extension for unemployment benefits and the National Flood Insurance Program. By a 60-34 vote, the Senate agreed to vote later this week on the bill (H.R. 4851) that extends the flood program until April 30. Democratic leaders are planning to amend the bill, allowing the programs to be extended until May 31. The House passed the extension bill on March 16 with the Federal Emergency Management Agency due to run out of authority to renew or issue new flood insurance policies on March 29. Sen. Tom Coburn, R-Okla., blocked passage just before the Senate left on March 28 for a two-week spring break. The Senate returned on Monday and voted to end the filibuster.
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Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
31m ago -
The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
2h ago -
Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
5h ago -
There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24 -
Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
June 24











