Florida's home insurance industry may be worse than anyone realizes
National Mortgage News » Flood insurance
by
5d ago
"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve ..read more
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Flood rule aims to strike a tricky balance on FHA loan costs
National Mortgage News » Flood insurance
by Bonnie Sinnock
1w ago
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges ..read more
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Housing groups call for definitive flood insurance extension
National Mortgage News » Flood insurance
by Bonnie Sinnock
1M ago
The National Flood Insurance Program due to expire March 22 would ideally be approved yearly, but instead it has gone through 29 reauthorizations since 2017 ..read more
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Flood risk awareness slowly growing: Fannie Mae
National Mortgage News » Flood insurance
by Bonnie Sinnock
5M ago
More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows ..read more
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Stopgap budget pact averts shutdown but lifts mortgage rates
National Mortgage News » Flood insurance
by Bonnie Sinnock
7M ago
The bipartisan deal struck Saturday temporarily allays concerns that would've required workarounds in parts of the lending process reliant on government agencies ..read more
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Climate change is causing an insurance crisis in Louisiana
National Mortgage News » Flood insurance
by
8M ago
Reeling from four hurricanes in 2020 and 2021 that caused $23 billion in damage, the state is undergoing an insurance calamity that is harming its economy and even reducing its population ..read more
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Private companies now writing nearly one-third of flood policies
National Mortgage News » Flood insurance
by Bonnie Sinnock
8M ago
The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates ..read more
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Select Portfolio Servicing turns to CoreLogic for tax, flood services
National Mortgage News » Flood insurance
by Bonnie Sinnock
11M ago
The vendor said it'll be providing "staff augmentation" supported by a cloud-based system and data it has ..read more
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5 "danger zones" where servicers need to tread carefully
National Mortgage News » Flood insurance
by Jennifer Keys, Joshua Fieldgrove
1y ago
..read more
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Flood premium relief sought in reintroduced bill
National Mortgage News » Flood insurance
by Bonnie Sinnock
1y ago
..read more
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