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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National Mortgage News is now accepting nominations for its annual Best Mortgage Companies to Work For program.
6h ago -
The new 47-page filing abandons the Racketeer Influenced and Corrupt Organizations Act allegations brought up in the previous 100-plus-page document.
6h ago -
The company is the third mortgage lender in recent months to start or reestablish its business sourcing loans from brokers, with one potential entrant to come.
7h ago -
The ex-CEO began a formal solicitation of shareholders after blaming his initial claims of majority support on information provided by in-house counsel.
10h ago -
As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.
August 19 -
Certainty Home Lending named two new executives, while Equity Prime Mortgage welcomed back a familiar face as chief risk officer.
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