Housing Wire
MARCH 13, 2024
As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. Before, insurance was kind of an afterthought. nationwide in 2023, with Farmers Insurance Group of Cos. and Utah at 20.3%.
Housing Wire
MARCH 22, 2024
The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are urging lawmakers to swiftly pass a spending bill being deliberated in Congress on Friday to avoid risking the expiration of the National Flood Insurance Program (NFIP), which the organizations say could have deeply felt consequences for their members and U.S.
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Housing Wire
JANUARY 25, 2024
Senate Committee on Banking, Housing and Urban Affairs held a hearing on Thursday that focused on the reauthorization of the National Flood Insurance Program (NFIP), showing that its bipartisan support is generally intact. Since September 2017, NFIP has been reauthorized without dedicated legislation 28 times.
Housing Wire
OCTOBER 2, 2023
Passage allows Congress to fund the government for 45 days, provide $16 billion in disaster assistance, and temporarily extend the National Flood Insurance Program. The NFIP’s last multi-year reauthorization sunsetted on September 30, 2017. An extended lapse in NFIP authority could affect 1,300 real estate transactions per day.,
Housing Wire
AUGUST 23, 2023
million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. We took corrective action and remediated the issue by 2017. -based Regions Bank $2.95
Housing Wire
JULY 25, 2023
In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”
Housing Wire
JANUARY 21, 2022
The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations. NYCB had essentially exited the residential mortgage banking business in 2017 after selling its origination and servicing platforms.
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