Items Tagged with 'FEMA'

ARTICLES

  • Democrats, Republicans vote unanimously to pass flood insurance reforms

    NFIP 5-year extension skips divisive issues, requires modernization of the nation's flood maps
    In a rare show of unity, Democrats and Republicans on the Financial Services Committee of the U.S. House of Representatives voted unanimously to pass a five-year extension to the National Flood Insurance Program that includes a mandate to improve the nation’s flood maps. The bill provides $500 million a year over five years for updating maps and modernizing technology to identify high-risk zones.
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  • Congress approves a 4-month rescue of flood insurance program

    A lapse in NFIP would have nixed about 40,000 home sales a month, NAR says
    Congress passed a bill late Monday, two days after the start of the U.S. hurricane season, that extends the National Flood Insurance Program by four months. The move came on top of a stopgap vote on Thursday that kept the program from expiring over the weekend. FEMA estimates the need for flood insurance will expand by up to 45% by 2100 because of climate change.
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  • From HW Magazine

    HOT or NOT May: What's trending in housing right now

    Trump administration looks into housing finance reform
    President Donald Trump directed the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury to compile reports on the reform of government-sponsored enterprises Fannie Mae and Freddie Mac. But Office of the Inspector General for the Department of Housing and Urban Development is looking into whether the White House interfered with aid approved for Puerto Rico as the island recovered from 2017’s Hurricane Maria.
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  • FEMA leaks sensitive personal information of 2.5 million disaster survivors

    Leaks banking information and addresses
    FEMA recently revealed it mistakenly leaked the banking information of 2.5 million U.S. disaster survivors. The Department of Homeland Security Office Inspector General discovered the leak in which FEMA shared sensitive, personally identifiable information of disaster survivors who previously used the company’s Sheltering Assistance program.
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  • From HW Magazine

    HOT or NOT February: What is trending in housing right now?

    Government shutdowns are on the rise
    Government shutdowns are increasing - happened three times in 2018. But HELOCs are down. After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter of 2018, falling 14% from the previous quarter and 11% from the year before.
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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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  • Judge again extends FEMA evictions of Hurricane Maria victims

    Evictions now pending formal hearing
    On Saturday, a federal court ordered a temporary halt of evictions for nearly 2,000 victims of Hurricane Maria, and now the court is again extending the halt on the evictions. After a meeting Tuesday, Judge Timothy Hillman issued an order backing the extension of the temporary restraining order to July 23, pending a formal hearing.
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