New Orleans hosts first regional meeting of the Governor’s Task Force on Transportation Infrastructure...

Regional leaders and stakeholders along with industry and economic development partners attended the first meeting of Governor John Bel Edwards’ Task Force on Transportation Infrastructure Investment. Hosted by GNO, Inc. and the New Orleans Regional Planning Commission, the meeting was held at the Louisiana Department of Transportation and Development’s Regional Transportation Management Center

Louisiana Office of Financial Institutions Earns Banking and Mortgage Supervision Re-accreditation

The Conference of State Bank Supervisors (CSBS) announced today that the Louisiana Office of Financial Institutions (OFI or the Office) has received a certificate of accreditation for banking and mortgage supervision, certifying that the Department maintains the standards and practices set by the CSBS Accreditation Program. This is the Office’s sixth banking accreditation and second mortgage accreditation. The OFI, led by Commissioner John P. Ducrest, was first accredited in 1989 for banking and in 2010 for mortgage

Louisiana Housing Corporation Launches New LHC Preferred Conventional Mortgage Program

In an effort to further expand homeownership opportunities across the state, the Louisiana Housing Corporation (LHC) will now offer a 30-year LHC Preferred Conventional mortgage program with 3 percent down payment assistance and reduced mortgage insurance

City’s “soft second” mortgage homebuyer assistance initiative passes halfway point milestone

NEW ORLEANS, LA - November 7, 2013 - (RealEstateRama) -- Today, Mayor Mitch Landrieu announced that the City of New Orleans’ $52.3 million “soft second” mortgage homebuyer assistance initiative’ Direct Homebuyer Assistance Program has now issued 500 commitments totaling $27,466,430.14. In total, 437 home purchases by first time homebuyers have been completed through the success of the City’s soft second mortgage program.

Vitter: Congress Needs to Reform Mortgage Entities, End Taxpayer Bailouts

Washington, D.C. - November 15, 2011 - (RealEstateRama) -- U.S. Sen. David Vitter today made the following statement after a hearing of the Senate Committee on Banking, Housing and Urban Affairs, of which he is a member, regarding oversight of the Federal Housing Finance Agency.

Rep. Melancon Supports Louisiana Veterans with Jobs, Housing Bills

WASHINTON D.C. - March 25, 2010 - (RealEstateRama) -- Congressman Charlie Melancon (LA-03) voted this week in support of a series of bills to provide more opportunity to U.S. veterans, particularly those who are looking for jobs or are homeless. The measures would increase on-the-job training opportunities for returning veterans, prevent mortgage lenders from foreclosing on a veteran’s home after their service, and make sure payments for disabled veterans keep pace with the cost of living. Also included in the series was legislation to strengthen the U.S. Department of Veterans Affairs’ work to fight and end homelessness. An estimated 131,000 U.S. veterans are homeless nationwide

Scalise Helps Pass Resolution to Assist Homeowners Affected by Toxic Chinese Drywall

Washington, DC - December 3, 2009 - (RealEstateRama) -- Congressman Steve Scalise successfully worked to pass legislation today that encourages banks and mortgage servicers to work with families affected by toxic Chinese drywall to allow temporary leniency without penalty on payments on their home mortgages. Scalise is a co-sponsor of H.Con.Res. 197 which passed by a vote of 419 – 1.

Vitter Joins Other Senators to Introduce Resolution Urging Mortgage Relief for Homeowners with Contaminated...

Washington, D.C. - November 5, 2009 - (RealEstateRama) -- U.S. Senator David Vitter today joined a bipartisan group of U.S. Senators from three states in introducing a resolution that urges banks and mortgage lenders to work with the estimated 1,300 homeowners in 26 states who are dealing with health and safety issues linked to the use of contaminated drywall. The homeowners have reported a range of similar problems with structural corrosion and odors, as well as many common health concerns, including headaches, rashes, burning eyes and nosebleeds.

Former Standard Mortgage Corporation Clerk Charged With Computer Fraud

NEW ORLEANS, LA - August 13, 2009 - (RealEstateRama) -- Jodie Hoang, age 34, a resident of Houston, Texas, was charged in a one-count bill of information with computer fraud, announced U. S. Attorney Jim Letten. According to the bill of information, HOANG was an accounting clerk at Standard Mortgage Corporation located in New Orleans. The company had a computer system in place which contained accounting software used in the production and maintenance of mortgages. Part of the defendant’s duties was to process funds received at loan closings. The bill of information alleges that HOANG used the computer system to changed the deposit code for payments made by customers at mortgage closings and then created checks payable to herself or her credit card providers

Landrieu Comments on New Fannie Mae Down Payment Policy

Continues to push for reduction in fees for Louisianians with lower credit scores. WASHINGTON - June 4, 2008 - (RealEstateRama) — United States Senator Mary...

Senate Passes Landrieu Tax Cut For Gulf Coast Homeowners

$1.1 billion tax relief amendment to housing bill would eliminate so-called "Road Home Tax," spur business investment WASHINGTON - April 11, 2008 - (RealEstateRama) —...

Data: U.S. Rep. Melancon Can Act to Save 628 Homes in Congressional District From...

Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center for Responsible Lending; Rep. Melancon Urged to Support...


T & I Committee Passes Graves’ Legislation to Improve Disaster Recovery

The House Committee on Transportation and Infrastructure advanced a slate of bills today, including a bipartisan disaster relief bill authored by Reps. Garret Graves (LA-6) and Stacey Plaskett (D-V.I.). The legislation, H.R. 1311 is designed to help communities recover from disasters and increase disaster program transparency and oversight