National Flood Insurance Program Archive

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

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

1,300 Sales a Day to Stall if Flood Insurance Stops

By Robert Freedman, senior editor, REALTOR® Magazine Flood insurance is commonly thought of as a coastal issue but flood plains are located throughout the country and in fact, in some Midwestern states, almost 10 percent of homes are in...
August 11, 2011

Why We Do What We Do

By Kelly Killian, Manager of Editorial Development, REALTOR.org NAR received the following e-mail last week from a Washington-state REALTOR®, and it served as a thoughtful and important reminder of why we — and all of you — do what...
February 22, 2011

NAR Leadership: Legislative Efforts Loom for REALTORS®

By Brian Summerfield, Online Editor, REALTOR® Magazine In the wake of recent legislative successes, including the extension and expansion of the home buyer tax credit and the restoration of the rural housing program, more challenges remain for REALTORS®, NAR...
August 6, 2010

Stopping the Oil Gusher, Starting the Jobs Gusher

By Robert Freedman, senior editor, REALTOR® Magazine Home sales are doing pretty well right now, with sales at an annual pace of almost 5.7 million units, but the question on everyone’s minds is, what happens now that April 30...
June 23, 2010