In a recent development, Congress has approved a temporary funding extension which will be in effect until Dec. 20. This extension includes the crucial reauthorization of the National Flood Insurance Program, a key component in ensuring homeowners are protected in the event of flood damage. This decision has significant implications for both homeowners and mortgage lenders alike.
Key points:
– Congress has passed a temporary funding extension lasting until Dec. 20
– The extension includes the reauthorization of the National Flood Insurance Program
– This decision is crucial for homeowners who rely on the program for protection against flood damage
– Mortgage lenders will also be impacted by this reauthorization, as it affects the overall risk management in the housing market.
You can read this full article at: https://www.housingwire.com/articles/congress-passes-temporary-funding-extension-flood-insurance/(subscription required)
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