The U.S. Department of Housing and Urban Development (HUD) awarded more than $1.5 billion to help the ongoing recovery efforts in Puerto Rico created by Hurricanes Irma and Maria.
HUD's Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants today during a meeting with Puerto Rico Gov. Ricardo Rosselló. The recovery funds were provided through HUD's Community Development Block Grant–Disaster Recovery (CDBG-DR) Program and will be allocated to help in reconstruction of damaged housing and local businesses in Puerto Rico.
"President Trump and the entire HUD family stand with our fellow citizens in Puerto Rico to help them recover from these devastating hurricanes," said HUD Secretary Ben Carson. "These recovery funds will help repair damaged homes and businesses. As local leaders, along with their citizens, develop their recovery plans, HUD will reduce regulatory barriers and remove any unnecessary roadblocks to speed long-term recovery."
IMBs reported a net gain of $223 per originated loan in 1Q 2022, down from $1,099 per loan in the previous quarter.
According to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter of...
The most popular market in the United States this year, says online real estate brokerage firm Zillow, is a suburb outside of Seattle, Woodinville, where home prices in the Washington state town are usually around $1.4 million.
According to Zillow’s study of pageview traffi...