NFIP Archive

How Suburbanization Impacts Rural Home Loans

Federally backed home loans from the Rural Housing Service have been called one of the the government’s best kept secrets because buyers can get safe, affordable mortgage financing in areas where few other loan options are available. The underwriting...
April 12, 2018

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...

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

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