Insurance
FHA Mortgage Insurance Program Important to Housing Market and Recovery, Says NAR
December 14, 2009 Posted by NAR
WASHINGTON, DC - December 14, 2009 - (RealEstateRama) — The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today’s market, NAR President Vicki Cox Golder told a congressional panel today.
Apartment Insurance Costs Fell 3% in 2009, National Multi Housing Council Survey Finds
November 17, 2009 Posted by NMHC
WASHINGTON, DC - November 17, 2009 - (RealEstateRama) — Apartment firms benefited from lower insurance costs in 2009, according to the National Multi Housing Council’s annual Apartment Cost of Risk Survey (ACORS). Sixty-one firms responded, supplying cost data for insurance procurement for over 1 million apartment units.
CampusMBA Extends Partnership with Insurance Advisors to Offer New Live Online Workshops for Commercial/Multifamily Professionals
October 12, 2009 Posted by MBA
WASHINGTON, D.C - October 9, 2009 - (RealEstateRama) — CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC. Under the agreement CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing a variety of insurance issues for commercial/multifamily real estate loans.”MBA is keenly aware of the value of offering industry education, especially in this challenging economic environment.
Home Federal Bank, Nampa, Idaho, Assumes All of the Deposits of Community First Bank, Prineville, Oregon
August 10, 2009 Posted by FDIC
August 10, 2009 - (RealEstateRama) — Community First Bank, Prineville, Oregon, was closed by the Oregon Division of Finance & Corporate Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Home Federal Bank, Nampa, Idaho, to assume all of […]
House Passes National Flood Insurance Program Extension
July 30, 2009 Posted by RealEstateRama
H.R. 3139 will extend the program until March 2010; Leaders continue to craft updated legislation. Washington, DC - July 30, 2009 - (RealEstateRama) — The U.S. House of Representatives today approved legislation that would extend the National Flood Insurance Program (NFIP) through March 31, 2010. Created in 1968, the NFIP provides over one trillion dollars of flood insurance to more than five and a half million American homes and businesses. Financial Services Housing Subcommittee Chairwoman Maxine Waters (D-CA) and Chairman Barney Frank (D-MA) introduced H.R. 3139 earlier this month in light of the fact that the current program is set to expire at the end of September 2009. The bill now moves to the Senate for consideration.
FHA’s Expanded Market Share Must Be Supported, Say Realtors
June 18, 2009 Posted by NAR
Washington, DC - June 18, 2009 - (RealEstateRama) — Without the Federal Housing Administration’s mortgage insurance program, a large portion of today’s home buyers would be unable to realize their dreams of homeownership. The National Association of Realtors® urged Congress today to invest resources that will ensure FHA’s continued role in stabilizing housing to stimulate the nation’s economy.
ICBA Applauds Congress for Passing Deposit Insurance Bill
May 20, 2009 Posted by ICBA
Washington, D.C. - May 19, 2009 - (RealEstateRama) — The Independent Community Bankers of America (ICBA) today applauded Congress for passing the Helping Families Save their Homes Act of 2009 (S. 896), critical deposit insurance legislation that paves the way for the FDIC to reduce the proposed special assessment that would have impeded community banks’ ability to lend to their communities during these economically challenging times.
Letter seeks ‘expeditious’ action on corporate issues
May 19, 2009 Posted by CUNA
Washington, DC - May 19, 2009 - (RealEstateRama) — Noting that credit unions have raised several issues about NCUA’s corporate stabilization efforts, CUNA President and CEO Dan Mica has written to the agency urging it to “act favorably and expeditiously” to address the issues, including
Summary of S. 896, the Helping Families Save Their Homes Act of 2009
May 19, 2009 Posted by House Financial Services Committee
Washington, DC - May 19, 2009 - (RealEstateRama) — HOPE for Homeowners: The bill amends the HOPE for Homeowners Program, to (a) permit reduction of excessive fee levels, (b) provide greater incentives for mortgage servicers to engage in modifications under the Program, and (c) reduce administrative burdens to loan underwriters by making the requirements more consistent with standard FHA practices. Specifically, the bill would
Johanns Votes To Aid The Housing Market And Protect Consumers
May 6, 2009 Posted by RealEstateRama
Washington, DC - May 6, 2009 - (RealEstateRama) — Senator Mike Johanns today voted in favor of the Helping Families Save Their Homes Act of 2009. The legislation aims to help stabilize the housing market by encouraging greater participation in the Hope for Homeowners program. Additionally, the bill provides stronger consumer protection by increasing the amount the Federal Deposit Insurance Corporation (FDIC) can borrow from the Treasury and more than doubling the amount of Americans’ personal savings that can be insured by FDIC. The bill passed by a vote of 91-5.
