The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

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How flood insurance requirements help stabilize the housing market

The NFIP's recent extension is the 16th short-term extension of the program since 2017

The National Flood Insurance Program’s authority to issue policies was recently extended for a full year, until September 30, 2021. This is the 16th short-term extension of the NFIP since Congress reauthorized the program in 2012 and extended it in 2017, and the one-year extension is the longest of those extensions. 

The NFIP provides stability for the housing market. As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. If CoreLogic determines that a home is in a high-risk flood zone, as a condition of that loan, the bank must require flood insurance – and most of those policies are written through the NFIP. 

The NFIP also provides assurances for homeowners. We’re currently in one of the most active hurricane seasons, and it’s critically important that the more than 5 million Americans with flood insurance know that their policy can be renewed at time of renewal. 

The mandatory flood insurance requirement is a minimum requirement and can serve as a safety net, in that a population of loans in a high-risk area with a mortgage will have that required flood insurance. CoreLogic has seen that the mandatory purchase requirement reduces the amount of time it takes for a community to recover. 

For more information, visit CoreLogic.com

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