House Approves Flood Insurance Reform The US House of Representatives have approved a flood insurance reform bill that would reauthorize the National Flood Insurance Program (NFIP) for five years. The provision, which extends the program to Sept. 30, 2015, passed by a wide margin, 329 to 90, with support from both Democrats and Republicans. It […]
Flood Insurance Program Extended
Flood Insurance Program Extended The National Flood Insurance Program (NFIP), which had lapsed for a month, was extended to September 30th by the Senate. Thousands of home sales in flood prone areas were held up because lenders will typically not fund mortgage loans for homes that are in a flood plain that do not have […]