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FHA Mortgage Insurance Program Important to Housing Market and Recovery, Says NAR
December 14, 2009 Posted by NAR
WASHINGTON, DC - December 14, 2009 - (RealEstateRama) — The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today’s market, NAR President Vicki Cox Golder told a congressional panel today.
Apartment Insurance Costs Fell 3% in 2009, National Multi Housing Council Survey Finds
November 17, 2009 Posted by NMHC
WASHINGTON, DC - November 17, 2009 - (RealEstateRama) — Apartment firms benefited from lower insurance costs in 2009, according to the National Multi Housing Council’s annual Apartment Cost of Risk Survey (ACORS). Sixty-one firms responded, supplying cost data for insurance procurement for over 1 million apartment units.
House Passes National Flood Insurance Program Extension
July 30, 2009 Posted by RealEstateRama
H.R. 3139 will extend the program until March 2010; Leaders continue to craft updated legislation. Washington, DC - July 30, 2009 - (RealEstateRama) — The U.S. House of Representatives today approved legislation that would extend the National Flood Insurance Program (NFIP) through March 31, 2010. Created in 1968, the NFIP provides over one trillion dollars of flood insurance to more than five and a half million American homes and businesses. Financial Services Housing Subcommittee Chairwoman Maxine Waters (D-CA) and Chairman Barney Frank (D-MA) introduced H.R. 3139 earlier this month in light of the fact that the current program is set to expire at the end of September 2009. The bill now moves to the Senate for consideration.
FHA’s Expanded Market Share Must Be Supported, Say Realtors
June 18, 2009 Posted by NAR
Washington, DC - June 18, 2009 - (RealEstateRama) — Without the Federal Housing Administration’s mortgage insurance program, a large portion of today’s home buyers would be unable to realize their dreams of homeownership. The National Association of Realtors® urged Congress today to invest resources that will ensure FHA’s continued role in stabilizing housing to stimulate the nation’s economy.
ICBA Applauds Congress for Passing Deposit Insurance Bill
May 20, 2009 Posted by ICBA
Washington, D.C. - May 19, 2009 - (RealEstateRama) — The Independent Community Bankers of America (ICBA) today applauded Congress for passing the Helping Families Save their Homes Act of 2009 (S. 896), critical deposit insurance legislation that paves the way for the FDIC to reduce the proposed special assessment that would have impeded community banks’ ability to lend to their communities during these economically challenging times.
Federal Reserve announces expansion of eligible collateral under Term Asset-Backed Securities Loan Facility
May 1, 2009 Posted by RealEstateRama
Washington, DC - May 1, 2009 - (RealEstateRama) — The Federal Reserve Board on Friday announced that, starting in June, commercial mortgage-backed securities (CMBS) and securities backed by insurance premium finance loans will be eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF).
FTC Approves Procedure for Submitting Information for Study of the Effect of Credit-Based Insurance Scores on Consumers of Homeowners Insurance
April 30, 2009 Posted by FTC
Washington, DC - April 30, 2009 - (RealEstateRama) — The Federal Trade Commission has approved an alternative procedure for the production of customer information in connection with the FTC study on the effect of credit-based insurance scores on the availability and affordability of homeowners insurance.
NLIHC Seeks Tenant Protections in Connection with Legacy Loan Program
April 14, 2009 Posted by NLIHC
April 14, 2009 - (RealEstateRama) — NLIHC has submitted comments on the Legacy Loan Program (LLP) announced by Treasury Secretary Timothy Geithner on March 24. The letter requests that the Federal Deposit Insurance Corporation (FDIC) and the Treasury Department act to protect tenants in foreclosed properties as they move to resolve toxic assets held in banks.
Top Ten Reasons To Buy Flood Insurance Now
February 25, 2009 Posted by RealEstateRama
Boston - February 25, 2009 - (RealEstateRama) — Most homeowners insurance does not cover flood damage. If you live in a community that participates in the National Flood Insurance Program (NFIP), you are eligible for flood insurance – whether or not you live in a high-risk flood zone.
FTC Orders Nine Insurers to Submit Information for Study of the Effect of Credit-Based Insurance Scores on Consumers of Homeowners Insurance
December 23, 2008 Posted by FTC
Washington, DC - December 22, 2008 - (RealEstateRama) – The Federal Trade Commission has ordered nine insurance companies to produce information for a study on the use and effect of credit-based insurance scores on consumers of homeowners insurance. The FTC issued the orders pursuant to Section 6(b) of the Federal Trade Commission Act
