Items Tagged with 'National Flood Insurance Program'

ARTICLES

  • 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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  • Congress passes two-week extension of National Flood Insurance Program

    A pending bill would extend the program through September
    Congress passed a stopgap bill on Thursday to extend the National Flood Insurance Program for two weeks, a last-minute rescue to a program that bolsters home values in coastal and low-lying real estate markets. If the program expired as scheduled at midnight, thousands of home transactions would have been knocked off-track.
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  • Lawmakers hit standstill on flood insurance reform

    Look to create bipartisan reform
    Both Democrats and Republicans agree the National Flood Insurance Program is in need of reform, however, they disagree on how to accomplish it. The House Financial Services Committee held a hearing Wednesday entitled Preparing for the Storm: Reauthorization of the National Flood Insurance Program, in order to discuss the issue and hear from experts in the subject.
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  • Congress funds government through December 21

    Passes yet another short-term NFIP
    Congress voted Thursday to fund the government through December 21, 2018, and in doing so extended the National Flood Insurance Program for two weeks. A government shutdown will most likely be avoided this week, but it will fall to Congress once again to keep the lights on just before Christmas.
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  • 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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