Mortgage

Flagstar to pay $3.6M over flood insurance violations

Jan 21, 2022By

The regulator said Flagstar violated the Flood Disaster Protection Act to “make, increase, extend, or renew loans” secured by properties in special flood hazard areas only after obtaining proof of adequate insurance.

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About five years ago, NFM Lending was looking for a way to shift from sporadic donations to service members to a dedicated effort that regularly recognized their sacrifice. Their answer was the creation of the NFM Salute.

3d rendering of a row of luxury townhouses along a street

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