Items Tagged with 'Hurricane Irma'


  • Freddie Mac partnering with RBC to provide $180 million for affordable housing

    Fund has already provided money for rebuilding Puerto Rico
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year after nearly 10 years away, is partnering with RBC to provide more than $180 million for affordable rental housing. The fund has already closed 10 transactions, including two in Puerto Rico and eight more in five states: New York, South Carolina, Tennessee, Texas, and West Virginia.
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  • Fannie Mae reports income of $4B in third quarter

    Will pay Treasury $4 billion in third quarter of 2018
    Fannie Mae reported Friday it posted a comprehensive income of $4 billion in the third quarter of 2018, rising from $3 billion in the third quarter of last year. Notably, Fannie Mae provided $140 billion in liquidity to the mortgage market through financing and refinancing 726,000 homes and rental units.
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  • Law firm levies lawsuit at Tower Hill Insurance for fraud in Hurricane Irma claims

    Hurricane Litigation Group files lawsuit against Tower Hill Insurance, alleging fraud against hurricane victims
    Hurricane Litigation Group has filed a lawsuit against Tower Hill Insurance claiming that the insurance company, along with its associates, have defrauded victims of Hurricane Irma of insurance claims money. The suit alleges that Tower Hill conspired with Ladder Now and Humble to underpay or deny compensation to victims of the storm.
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  • FHA pushing to provide foreclosure relief to Puerto Rico, Virgin Islands hurricane victims

    Extends foreclosure moratorium deadline one last time
    The foreclosure moratorium for 2017 hurricane victims in Puerto Rico and the U.S. Virgin Islands whose mortgages are guaranteed by the Federal Housing Administration was due to end this week, but the FHA announced Thursday that it is extending the foreclosure freeze again – for the last time. But that’s not all.
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  • Share of homes in negative equity falls in Q4, despite turbulent hurricane season

    But decrease slows to all-time low
    The number of underwater homes shrank in the fourth quarter of 2017, despite the turbulent hurricane season. But ATTOM Data Solutions’ report showed while the share of homes with negative equity decreased, it was the smallest annual decline since the company began tracking in the first quarter of 2012.
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  • HUD awards $1.5 billion to Puerto Rico hurricane relief

    Pamela Patenaude announces grants in third visit to island
    The U.S. Department of Housing and Urban Development announced it will award $1.5 billion in grants to help Puerto Rico recover from hurricanes Irma and Maria. The announcement was made by HUD Deputy Secretary Pamela Hughes Patenaude alongside Governor Ricardo Rosselló during her third visit to the island since the hurricanes occurred.
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  • Here’s the latest data on the impact of Hurricanes Harvey and Irma on mortgages

    Black Knight: Texas and Florida non-current mortgages surge
    Given the timing of the hurricanes and based on observations from previous hurricanes, the worst of the impact from Hurricanes Harvey and Irma was predicted to come in September. Now almost two months after Hurricane Harvey, Black Knight’s “first look” report at the September 2017 mortgage data provides initial numbers on the impact of the hurricanes.
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  • Hurricanes pull down job growth in September

    Small business struggle to hire skilled talent
    The most recent ADP employment report predicts an increase of just 135,000 jobs in September. And while ADP may not always hit the nail on the head, it serves as a general measure for the trend of the jobs market. Or does it?
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