MBA Statement on Passage of Bipartisan Flood Insurance Title in FAA extension

WASHINGTON, D.C. – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement applauding the House of Representatives for passing bipartisan, bicameral, clarifying language to increase acceptance of private flood insurance products as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017.

“MBA commends the House of Representatives for passing bipartisan legislation that includes language aimed at increasing flood insurance options for consumers. We now ask the Senate to follow suit and pass this bipartisan private flood insurance language in the Disaster Tax Relief and Airport and Airway Extension Act of 2017. MBA looks forward to continuing to work with all policymakers to protect consumers by providing them with the choice of government or private flood insurance coverage.”

CONTACT
Rob Van Raaphorst

(202) 557- 2799

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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