Texas is seeking $2 billion in additional aid from the federal government, including $367 million in Community Development Block Grant funds to repair and rebuild housing damaged or destroyed by Hurricane Rita, despite opposition from the Bush administration.Texas Gov. Rick Perry told the Senate Appropriations Committee that the administration opposes his request for additional CDBG funds because most of the damage to housing in his state was caused by wind, not flooding. The Republican governor stressed that it doesn't matter to Texans which "force of nature" leveled their home or school. "All that matters is whether the government is going to supply the aid desperately needed to pick up the pieces of their scattered lives," he said. The Bush administration has requested an additional $4.2 billion in additional CDBG funds for Louisiana as part of a supplemental appropriations bill, but the request does not include additional CDBG funds for Texas. Last December, Congress approved $11.5 billion CDBG funds for the Gulf Coast states that allotted $6.2 billion for Louisiana and $5.1 billion for Mississippi, but only $74.5 million for Texas.
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Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
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The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
June 30 -
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
June 30 -
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
June 30 -
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
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