Insurance

Insurance

Realtors® Advocate Reform, Long-term Extension of National Flood Insurance Program

Washington, DC - March 11, 2011 - (RealEstateRama) -- Congress needs to strengthen and reauthorize the National Flood Insurance Program for the long term to prevent undermining the fragile real estate market recovery, the National Association of Realtors® said in testimony today before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity.

Builders Support Five-Year Extension of National Flood Insurance Program

WASHINGTON, D.C. - March 11, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today voiced strong support for congressional efforts to extend the National Flood Insurance Program (NFIP) for an additional five years to provide ongoing flood insurance protection for property owners and ensure the nation's real estate markets operate smoothly and without delay.Testifying before the House Financial Services Subcommittee on Housing and Community Opportunity, NAHB First Vice Chairman Barry Rutenberg, a home builder from Gainesville, Fla., said that the home building industry depends upon the NFIP to remain available, affordable and financially sound.

William Raveis Named Marketing Agent for Cranberry Hill Estates

SHELTON, CT - March 7, 2011 - (RealEstateRama) -- The New Homes Division of William Raveis Real Estate, Mortgage & Insurance has been selected as marketing and sales agent for Cranberry Hill Estates, Shelton’s newest family community

Apartment Industry Announces Improved Renters’ Insurance Data Transfer Standard

WASHINGTON, DC - March 3, 2011 - (RealEstateRama) -- The Multifamily Information and Transactions Standards (MITS) initiative, the apartment industry’s coordinated effort to create data standards so different software programs can “talk to each other,” has released a new "Renters’ Insurance 4.0" standard.

Insurance Companies Use Public Media To Deface Disaster Recovery Agencies

PALOS VERDES, CA - March 1, 2011 - (RealEstateRama) -- In this tough economy everyone is watching their spending, trying to make that buck stretch just a little further, and insurance companies are no different. If you have ever had to make a claim, you may already be aware of the problems associated with getting what is fair. The people effected in some of the recent disasters, Hurricane Katrina and Rita and the California wildfires, know all too well what it is like to not receive a fair claim payment from their insurance companies, you're better off believing a poker player than a insurance claims adjuster. It's never a bad idea to hire a water and fire damage restoration company to complete an independent assessment and cost estimate. Hopefully, you won't need it, but if legal action becomes necessary, it's a handy document to have in your corner. So when people like Steve Slepcevic and his team of experts arrive on the scene to try to make a difference, sometimes the insurance companies fight back with l awsuits and media slander. Steve Slepcevic has focused his construction business on restoring and reconstructing homes and businesses directly and exclusively for the property owners after natural disasters.

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

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