Articles Tagged with ''National Flood Insurance Program''

MBA lobbyist: Here's what a Democrat-led House means to us

One expert offers insight on what the finance industry is saying
On Tuesday night, Democrats reclaimed control of the House of Representatives, securing more than 200 seats across the country. As more Democrats head to the House, one expert predicts they will focus their efforts on protecting consumer interests and banking regulations.
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Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

Are you prepared for midterm elections
Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate’s views are on issues surrounding housing, finance and other areas that are important for you? Here’s how to find out.
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Senate passes flood insurance reform at 11th hour

Housing industry continues to push for long-term solution
Tuesday, the day the current National Flood Insurance Program was set to expire, the Senate passed yet another short-term extension of the program. But while the housing industry is pleased Congress did not let the current program expire, it also emphasized the need to create a long-term solution.
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House passes extension for National Flood Insurance Program

Up to Senate to pass before program expires in July
Wednesday, the House of Representatives passed legislation to authorize the National Flood Insurance Program for another four months. Now, the housing industry is urging the Senate to move quickly in order to pass the bill before it expires at the end of this month.
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Waters and 61 legislators demand Congress keeps NFIP active

Reps. Beto O’Rourke, Eleanor Norton and Gregory Meeks back Waters
Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and 61 members of Congress are demanding a long-term reauthorization of the National Flood Insurance Program. Waters, a prominent critic of H.R. 2874, believes American families are not financially prepared for the growing threat of natural disasters.
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Top housing trade groups urge Congress to extend National Flood Insurance Program

NAR, NAHB, ABA, U.S. Chamber of Commerce, and others up in arms
This week, more than 20 of the top housing trade groups urged Congress to extend the National Flood Insurance Program. In a letter sent to Congressional leadership on both sides of the aisle, the organizations warn Congress that failure to reauthorize the program by July 31 will jeopardize an estimated total of 40,000 American homes.
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House passes long-term reauthorization of National Flood Insurance Program

Bill to reduce direct spending by $187 million
Less than a month before the program was set to expire, the House of Representatives voted to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program. The 21st Century Flood Reform Act would reauthorize the NFIP for five years and introduce private market competition.
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