National Flood Insurance Program Archive

If You’re In a Hurricane-Hit Area, the Federal Government Might Have a Job for You

The U.S. Small Business Administration is looking for damage verifiers in the parts of Texas and Florida that were hit by hurricanes. Damage verifiers are people who use their knowledge about real estate to give the agency their assessment...

Maybe you haven’t tangled with a troll, but this patent victory is for you

It’s common today for real estate brokerages to have systems in place for sending email alerts whenever there’s new or updated listings that customers might be interested in. it’s not new technology, and in fact the technology is arguably...

REALTORS® in Washington: Condo Loans a Big Push

Improving the availability of condo financing will be a priority when thousands of REALTORS® are in Washington this week for the 2016 REALTORS® Legislative Meetings & Trade Expo. Overly restrictive rules on condo board certification, owner-occupancy, and commercial space...
May 9, 2016

Veissi: Pause Needed on Flood Ins. Changes

NAR and many lawmakers in Congress are pushing for a time-out in the federal government’s efforts to eliminate flood insurance subsidies over time and phase in premium rates that reflect properties’ actuarial risk of flooding. NAR’s Call for Action...
November 20, 2013

Flood Subsidies Phasing Out Unless Congress Acts, FEMA Chief Says

UPDATE: Read NAR’s Oct. 10 letter to Craig Fugate outlining steps his agency could take to mitigate the sting of rising flood insurance premiums. Any chance of the federal government delaying the phase-out of flood insurance subsidies coming down...
September 19, 2013

Why Flood Insurance Subsidies are Phasing Out

For years the availability of federally backed flood insurance was an on-off affair. The program was $18 billion in debt to the U.S. Treasury, largely because of Hurricanes Katrina and Rita in 2005, and Congress would only renew the...

Why Flood Reauthorization is Such a Big Win

REALTORS® claimed a big victory last week when President Obama signed into law the 5-year reauthorization of the National Flood Insurance Program. NAR spent years advocating on behalf of this legislation and its 1 million members, by participating in...
July 9, 2012

Your Victory on the NFIP Reauthorization

A message from NAR President Moe Veissi: YOU DID IT! Late last week Congress finally acted on one of your key legislative priorities, a five-year reauthorization of the National Flood Insurance Program (NFIP). Even better news, we just received...

Flood Insurance: Don’t Give Lenders One More Reason to Say ‘No’

NAR President Moe Veissi told a panel of U.S. senators yesterday that the last thing the housing market needs right now is another reason for lenders to decline your client’s mortgage loan application. “Tight lending standards remain a problem,”...
May 10, 2012

Congress Restores FHA Loan Limits to NAR-Backed Levels

The U.S. House and Senate yesterday restored FHA loan limits to the level they were at before they were allowed to expire at the end of September. As a result, the limits will rise to 125 percent of the...
November 18, 2011