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Insurance

Insurance

FHA TAKES STEPS TO BOLSTER CAPITAL RESERVES

WASHINGTON, DC - February 15, 2011 - (RealEstateRama) -- As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. The upfront MIP will remain unchanged at 1.0 percent. This premium change was detailed in President Obama’s fiscal year 2012 budget, also released today, and will impact new loans insured by FHA on or after April 18, 2011.

NCOA Teams with HUD and NRMLA to Assist Reverse Mortgage Borrowers Who Have Difficulty...

Washington, D.C. - January 7, 2011 - (RealEstateRama) -- The National Council on Aging (NCOA) is conducting a pilot project in collaboration with U.S. Department of Housing and Urban Development (HUD) and the National Reverse Mortgage Lenders Association (NRMLA) to help reverse mortgage borrowers who are struggling to pay property taxes and homeowners insurance

Freddie Mac Announces the Issuance of a New Three-Year Reference Notes® Security

McLean, VA - January 4, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACR8, due on February 25, 2014. The issue will be priced on Wednesday, January 5, 2011, and will settle on Thursday, January 6, 2011, at benchmark size.

FEMA Extends Lower Cost Flood Insurance Option To Eligible Property Owners In High-Risk Flood...

WASHINGTON, D.C. - December 20, 2010 - (RealEstateRama) -- Thousands who own homes and businesses in locations recently designated as high-risk flood areas will soon have a new way to save on flood insurance protection. Beginning January 1, 2011, the Federal Emergency Management Agency's (FEMA) National Flood Insurance Program (NFIP) is offering a new insurance rating option that will allow many property owners to take advantage of lower-cost flood insurance for two years before they are required to pay standard rates. The program will make Preferred Risk Policies (PRPs), which start at just $129 a year and are typically only available for properties in moderate-to-low risk areas, available for properties that have been newly mapped into high-risk areas due to a flood map revision on or after October 1, 2008.

Apartment Insurance Cost Fell 6% In 2010, NMHC Finds

WASHINGTON, DC - December 3, 2010 - (RealEstateRama) -- Apartment firms benefited from lower insurance costs in 2010, according to the National Multi Housing Council’s annual

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

MILFORD, CT - November 30, 2010 - (RealEstateRama) -- Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.

Homeowners with Flood Insurance Should File Claims for Damages

UNITED STATES VIRGIN ISLANDS (USVI) - November 19, 2010 - (RealEstateRama) -- Federal Emergency Management Agency (FEMA) officials urge homeowners and individuals who suffered damages caused by the recent rains and floods and who have flood insurance, to file claims through their insurance agent or company without delay.

CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals

WASHINGTON, D.C. - November 18, 2010 - (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 insurance issues for commercial/multifamily real estate loans.

House Approves Disaster Insurance Legislation

The House of Representatives on Thursday approved a bill that would help protect insurance markets in disaster-prone states from suffering devastating losses in the event of a catastrophic natural disaster.

House Passes Klein-Mahoney Homeowners Insurance Bill

Innovative and Common-Sense Legislation Eliminates Federal Bailouts and Provide Property Owners Relief by Increasing Acess and Lowering Insurance Rates

Recent HUD Press Releases

HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $10 MILLION FOR THE DEVELOPMENT OF 538 AFFORDABLE HOMES

In an effort to help more working families become homeowners, the U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in grants to four non-profit housing organizations, which will create at least 538 affordable homes

Random HUD in News

The Washington Post

After butting heads with Trump administration, top HUD official departs agency

A top Department of Housing and Urban Development official is leaving the agency Thursday following disagreements with other members of the Trump administration over housing policy