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NAIC Releases Statistical Compilation of Annual Statement Information for Property/Casualty Insurers
The National Association of Insurance Commissioners (NAIC) has released data on property and casualty (P&C) insurance companies. The reportis broken into three sections: Annual Statement Financial Data; State, Territory
Don’t wait for disaster to happen: Insure your home against flood damage
Flooding is the most common and costly natural disaster in the United States, and nearly every major Texas city is vulnerable to hurricanes or sits in “Flash Flood Alley,” one of the most flash flood-prone areas in the nation.
Flooding Happens Everywhere, Protect Yourself and Your Family
Homeowner and renter insurance policies do not cover damages incurred during flooding. To protect themselves and their family from future financial loss, Oklahomans are advised to purchase and maintain flood insurance coverage
Protect Your Goods: 6 Reasons to Hire Professional Movers For Your Relocation
Do ever dread moving from one location to another because of the logistics involved in packing and unloading goods? Well, times have changed. Logistic companies now help individuals to move from one place to another.
Should I Rent Out my Property on Airbnb?
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
With No Mortgage, Flood Insurance Proved to Be a Good Decision
Sarah Herring grew up in her family’s home near the bay in Port St. Joe, was married in the backyard and now owns the property mortgage-free. Hurricane Michael’s winds tore off the roof
Analysis: Expense Should Not Be a Barrier to Constructing Safer Homes
As wildfire disasters increase across the country, a new study released today found negligible cost differences between building a typical home and a home constructed using wildfire-resistant materials and design features.
MBA’s Broeksmit Comments On FHA’s Annual Report to Congress
Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement regarding the U.S. Department of Housing and Urban Development's (HUD) Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund
The Effect of Regulation on Affordable Multifamily Housing
The Housing and Insurance Subcommittee met today to examine the various federal, state and local regulations and policies that affect affordable multifamily housing development. “Today’s hearing was essential in order to determine the costs of regulation, and barriers preventing affordable multifamily housing development.
Rights and Responsibilities of Condo Association Board Members Now Available
The Illinois Department of Financial and Professional Regulation (IDFPR) Division of Real Estate (DRE) recently published the “Rights and Responsibilities of Association Board Members” to clearly explain the legal responsibilities of condominium and common interest community property boards. The publication includes general information regarding
The Risks of Not Having Homeowners’ Insurance
Insurance is one of those things that you can't really appreciate until you need it. In fact, it's probably crossed your mind a few different times—especially as you were writing that monthly check to your insurance agency—to just do away with coverage entirely. While doing so could save you money upfront, it could come back to haunt you in the long run
5 Things You Need to Know About Private Mortgage Insurance
The average mortgage loan is for around $300,000. Regardless of how much money you need to buy your dream home, finding an affordable loan is a must. If you get a loan that offers 100 percent financing, you may be required to pay private mortgage insurance (PMI).
IBHS Offers Resources to Help Prepare Homes and Businesses for Severe Summer Storms and...
The 2018 Atlantic Hurricane Season officially began on June 1 and we have already experienced one named cyclone in what is expected to be a very active season which runs through Nov. 30
Improving the Housing Choice Voucher Program
The Housing and Insurance Subcommittee met today to review the Housing Choice Voucher Program and three legislative proposals that would improve mobility among families, foster kids and individuals recovering from opioid addiction within the program.
Mortgage Bankers Close Record $530 Billion in Commercial/Multifamily Originations in 2017
Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Passage of FY 2018 Spending Bill Critical Step for Affordable Housing Funding and Flood...
With six months remaining in the 2018 fiscal year (FY), the National Association of REALTORS® urges the passage of the “omnibus appropriations bill” agreed upon by U.S. House and Senate negotiators last night, which is designed to fund the federal government through September 30, 2018.
Commercial/Multifamily Mortgage Debt Rose over $200 Billion in 2017
The level of commercial/multifamily mortgage debt outstanding at the end of 2017 was $3.18 trillion, $200.3 billion higher than at the end of 2016, or an increase of 6.7 percent, according to MBA's latest Commercial/Multifamily Mortgage Debt Outstanding report released today. The fourth quarter of 2017 saw an increase of $73.6 billion, or 2.4 percent, over the third quarter, as all four of the major investor groups increased their holdings.
Reviewing State-Based Insurance Regulation
The Housing and Insurance Subcommittee met today to review H.R. 5059, the State Insurance Regulation Preservation Act. Introduced on February 15, 2018 by Representatives Keith Rothfus and Joyce Beatty, the bill would amend the Home Owners’ Loan Act with respect to the registration and supervision of insurance savings and loan holding companies (SLHC).
VA Awards More Than $496,000 to Improve IT Infrastructure as Part of ‘Buy vs....
The U.S. Department of Veterans Affairs (VA) announced the award of a $496,405.35 task order to Favor TechConsulting (FTC) LLC to provide Identity and Access Management (IAM) services to improve and maximize cost savings to VA’s current information technology (IT) infrastructure.
Secretary Zinke announces Creation of the “Made in America” Recreation Advisory Committee
U.S. Secretary of the Interior Ryan Zinke announced the establishment of the “Made in America” Recreation Advisory Committee. The Committee will advise the Secretary of the Interior on public-private partnerships across all public lands, with the goal of expanding access to and improving infrastructure on public lands and waterways
