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Tampa, FL - February 20, 2015 - (RealEstateRama) -- Heavy snowfall, icy conditions, and freezing temperatures are likely for property owners in the Rockies, southeast and northeast in the next few days. As people throughout the country prepare for the oncoming dangerous winter weathe

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- Purchasing a home is the single largest investment most consumers make in their lifetime. Soon the spring homebuying season will begin and the American Land Title Association (ALTA) reminds consumers of the three most important things to consider when shopping for a title company

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- The National Association of Insurance Commissioners (NAIC) released separate requests for proposals (RFP) for vendors to model expected losses on approximately 6,000 commercial mortgage-backed securities (CMBS) and 24,500 residential mortgage-backed securities (RMBS). This process will produce valuations for state insurance regulators to set risk-based capital for CMBS and RMBS owned by U.S. insurance companies

WASHINGTON, D.C. - February 2, 2015 - (RealEstateRama) -- The Federal Housing Administration (FHA) today issued a new policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders the option to delay calling HECMs with eligible ‘non-borrowing spouses’ due and payable. A delay would postpone foreclosure normally triggered by the death of the last surviving borrower. FHA’s new guidance will allow reverse mortgage lenders to assign eligible HECMs to HUD upon the death of the last surviving borrowing spouse, thereby allowing eligible surviving spouses the opportunity to remain in the home despite their non-borrowing status

WASHINGTON, D.C. - January 28, 2015 - (RealEstateRama) -- Florida's top financial officer said Tuesday that creating a "stress test" will help instill public confidence in the smaller insurers that have come to dominate Florida's property insurance market

WASHINGTON, D.C. - January 16, 2015 - (RealEstateRama) -- The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reminds consumers this week of the top three reasons their efficient real estate transaction depends on the work of title insurance agents.

WASHINGTON, D.C. - December 18, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Chris Polychron:

LONDON - December 3, 2014 - (RealEstateRama) -- A new white paper by the Urban Land Institute (ULI) finds that while the insurance industry is a leader in developing risk standards for natural disasters, the real estate sector and governments must also play an active role in climate change adaptation. Entitled What the Real Estate Industry Needs to Know about the Insurance Industry and Climate Change, the report draws upon data and analysis provided by Lloyd’s of London, to conclude that accurately priced insurance alone cannot mitigate the effects of climate change on the built environment.

WASHINGTON - December 2, 2014 - (RealEstateRama) -- ConsensusDocs announces the 2015 Business and Marketing Advisory Council (BMAC) leadership. E. Colette Nelson, Chief Advocacy Office for the American Subcontractors Association (ASA), was elected the 2015 BMAC Chair. Joanne S. Brooks, Esq., Vice President and Counsel for The Surety and Fidelity Association of America (SFAA), was elected the 2015 BMAC Secretary.

TAMPA - August 19, 2014 - (RealEstateRama) -- Hurricane Charley, which blew into southwest Florida this week ten years ago, was the start of one of the busiest hurricane seasons in the U.S., damaging one in five Florida homes. When it made landfall, Charley had the highest winds of any storm to hit the U.S. since Hurricane Andrew in 1992, and clearly demonstrated the benefits of strong building practices

WASHINGTON, D.C. - July 14, 2014 - (RealEstateRama) -- Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., issued the following statement on the Federal Housing Finance Agency’s (FHFA) draft eligibility requirements that private mortgage insurance companies would have to meet in order to insure loans sold to or guaranteed by Fannie Mae and Freddie Mac:

JACKSON, Miss. - May 22, 2014 - (RealEstateRama) -- FEMA does not duplicate benefits that homeowner or renter insurance covers, but it may be able to provide disaster assistance when insurance coverage is not enough to cover the damage. The only way to obtain that potential benefit is to register now for FEMA’s Individual Assistance program

WASHINGTON, D.C. - May 19, 2014 - (RealEstateRama) -- Yesterday, the Senate Banking Committee voted 13-9 to approved S. 1217, a bill to reform the nation’s housing finance system. The bill winds down Fannie Mae and Freddie Mac, replacing them with a system whereby a new government entity will issue mortgage backed securities that will carry a government guarantee standing behind prescribed levels of private insurance

TAMPA - May 8, 2014 - (RealEstateRama) -- The Insurance Institute for Business & Home Safety (IBHS) is proud to announce that video and photographs from testing conducted at the organization’s unique Research Center are part of the National Building Museum’s newest exhibit, Designing for Disaster, which opens to the public on May 11.

WASHINGTON - May 7, 2014 - (RealEstateRama) --— After a phone call with National Flood Insurance Program (NFIP) Associate Administrator David Miller today, U.S. Senator Mary L. Landrieu, D-La., announced that the Federal Emergency Management Agency (FEMA) has fully repealed one of the most harmful provisions from Biggert-Waters that made it impossible for new buyers of homes or businesses to assume a property’s existing flood insurance policy. The provision, repealed by the Homeland Flood Insurance Affordability Act, had frozen real estate markets throughout the nation and threatened to wipe out the equity thousands of middle class families had built in their homes. Up to 82,000 properties in Louisiana—and 1.1 million nationwide—will benefit from today’s announcement

TALLAHASSEE - May 5, 2014 - (RealEstateRama) -- Florida Chief Financial Officer Jeff Atwater is urging Florida panhandle residents whose homes and property were damaged by recent storms to call the Florida Department of Financial Services’ Insurance Consumer Helpline at 1-877-MY-FL-CFO (693-5236) for insurance assistance.

WASHINGTON, D.C. - May 2, 2014 - (RealEstateRama) -- U.S. Rep. Dennis Ross (FL-15) and U.S. Rep. Patrick Murphy (FL-18) introduced a bill that would encourage the development of a robust private flood insurance market that can offer homeowners options in terms of pricing and coverage. The Flood Insurance Market Parity and Modernization Act of 2014 would remove excessive restrictions placed on insurance companies by the federal government and would give states more flexibility to license and regulate private flood insurance.

CHICAGO - April 25, 2014 - (RealEstateRama) -- Illinois Department of Insurance (DOI) Director Andrew Boron today urged people to prepare and protect their homes from possible flooding. As Illinois communities welcome springtime weather after the significant snowfall during this winter season, potentially heavy rains could result in another rough year for flood-prone areas throughout the state. Spring is a visible reminder of the potential for floods with torrential rain and damaging winds. In 2013 flooding in 49 Illinois counties broke all-time records. Floods are the most common natural disaster in the United States and one of the most expensive

WASHINGTON, D.C. - April 25, 2014 - (RealEstateRama) -- Common law litigation seeking relief from petrochemical companies for causing climate change has been much touted but little successful.

LANGDON, N.D. - April 17, 2014 - (RealEstateRama) -- Today the Federal Emergency Management Agency (FEMA) announced it is moving forward with repealing certain flood insurance rate increases as required under the Homeowner Flood Insurance Affordability Act of 2014, cosponsored by Congressman Kevin Cramer. A bulletin from FEMA directing flood insurance providers to stop charging full-risk rates for all types of Pre-Flood Insurance Rate Map (FIRM) properties covered by Section 3 of the 2014 legislation, including primary residences and businesses. Cramer released the following statement on the announcement