Archives

TRENTON, N.J. - January 14, 2012 - (RealEstateRama) -- If your house is not livable and you have insurance, the Federal Emergency Management Agency may be able to provide temporary housing or rent under certain circumstances

New York, NY - January 14, 2012 - (RealEstateRama) -- In the wake of the devastating and unprecedented damage caused by Superstorm Sandy, Assembly Speaker Sheldon Silver (D-Manhattan) today announced a bill (A-2287)) to create the Homeowners Bill of Ri...

LAKELAND, FL - January 11, 2012 - (RealEstateRama) -- U.S. Rep. Dennis Ross (FL-15) will introduce the Homeowners’ Insurance Protection Act next week. This bill will create a federal catastrophe reinsurance program to back up federal reinsurance prog...

TRENTON, N.J. - January 11, 2012 - (RealEstateRama) -- Renters who need to repair or replace essential items lost in Hurricane Sandy can get help from the Small Business Administration.

Washington, D.C. - January 08, 2012 - (RealEstateRama) -- Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borro...

December 21, 2012 - (RealEstateRama) -- Washington County flood insurance questions will be addressed at five public meetings in Waterbury, Barre City, Northfield, Marshfield, and Montpelier. The meetings will focus on newly revised flood hazard maps a...

Albany, NY - December 12, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endo...

WASHINGTON, DC - December 12, 2012 - (RealEstateRama) -- The cost to insure apartments increased by 9.5 percent between 2011 and 2012, marking the second consecutive year of rising insurance expenditures according to the National Multi Housing Council’s (NMHC) Apartment Cost of Risk Survey (ACORS). The survey covers data from more than one million apartment units, the largest number of units covered by the survey to date, operated by 55 apartment firms, tracking three principal components of insurance premiums: property, general liability and workers’ compensation. The 9.5 percent increase in 2012 came entirely from property risk costs, with general liability and workers’ compensation costs staying virtually unchanged from 2011.

Washington, D.C. - December 10, 2012 - (RealEstateRama) -- Reviewing a homeowners’ insurance policy can be challenging, but with more insurers inserting provisions to shift risk and costs to homeowners, a careful read is more important than ever. To help with the process, the Consumer Federation of America (CFA) and United Policyholders (UP) released a list of the top seven things that all homeowners should know about their policies.

WASHINGTON, D.C. - December 6, 2012 - (RealEstateRama) -- Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

New York, NY - December 3, 2012 - (RealEstateRama) -- “With winter at hand, we’re intensifying our efforts to help all the New Yorkers still suffering from Hurricane Sandy. Last week, we took new steps to protect thousands of New Yorkers who still ...

WASHINGTON, D.C. - November 30, 2012 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-CA) introduced legislation to help homeowners who live in FEMA Special Flood Hazard Areas and whose homes have sustained major damage from a fire or other u...

Washington D.C. - November 30, 2012 - (RealEstateRama) -- In response to Governor Cuomo’s request for strategies to ensure that the State of New York is resilient in the face of future natural disasters, the Consumer Federation of America (CFA) called for state regulators to immediately identify coverage gaps that could result in consumer frustration and to adopt policies that clarify coverage and prevent unjustified denial of claims.

WASHINGTON, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Administration (FHA) recently published guidance to help families with FHA-insured mortgages struggling to repair or rebuild their homes in the wake of major disasters like Hurricane Sandy. FHA’s mortgagee letter reinforces the agency’s longstanding policy of extending foreclosure relief and directs lenders to release insurance proceeds to borrowers rather than to apply those payouts to bring delinquent mortgages current.

BATON ROUGE, LA - November 22, 2012 - (RealEstateRama) -- Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to file claims for their flood-related loss...

Washington, D.C. - November 20, 2012 - (RealEstateRama) -- When Superstorm Sandy battered the East Coast with high winds and a massive storm surge, 111 homes in the Queens, New York neighborhood of Breezy Point were destroyed by a fast-spreading fire. First responders, including firefighters, owned a significant number of these homes.

Trenton, NJ - November 14, 2012 - (RealEstateRama) -- To assist consumers who have suffered property loss as a result of Hurricane Sandy, the Christie Administration announced today the Department of Banking and Insurance will have staff members availa...

Washington D.C. - November 8, 2012 - (RealEstateRama) -- Governors of nine states and the mayor of Washington D.C. moved quickly to protect consumers from high insurance deductibles associated with their wind damages claims caused by Superstorm Sandy. Today in a letter to elected officials the Consumer Federation America warned that state insurance regulators must closely monitor how insurance companies determine claims deductibles to ensure that consumers are not subject to unjustified, higher out-of-pocket costs.

DENTON, TX - November 6, 2012 - (RealEstateRama) -- Santa Fe County, New Mexico, homeowners, business and residential renters and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums befor...

Trenton, NJ - November 2, 2012 - (RealEstateRama) -- Taking action to save homeowners money following Hurricane Sandy, Governor Chris Christie signed Executive Order 107, prohibiting insurance companies from imposing costly hurricane deductibles on New...