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To emphasize flood insurance costs, senator cites reverse mortgage borrower

Housing Wire

With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. That’s on top of what they pay for homeowners insurance.” Bill Cassidy (R-La.).

Insurance 442
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Americans are worried that climate events will negatively impact their retirement

Housing Wire

A majority of Americans are seriously concerned that their retirement will be negatively impacted by the rising costs and uncertainty associated with sudden, unexpected and more frequent extreme weather events taking place across the country. More than half of U.S. It’s not just the recovery costs after a disaster strikes.

Insurance 380
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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Big payouts from natural disasters are driving insurers to raise rates and pull back on coverage,” the report stated. A lot of times that’s not happening right now.”

Insurance 493
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The title insurance professional’s ultimate resource guide

Housing Wire

But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Whether you’re new to the field or a seasoned veteran, this guide is designed to be your one-stop shop for all you need to succeed.

Insurance 311
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Fannie Mae transfers more risk to insurers with sixth CIRT deal 

Housing Wire

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. billion of insurance coverage on $675.9 billion of insurance coverage on $675.9 If that $106.3

Insurance 396
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UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. The product is available on conventional, Federal Housing Administration (FHA), and U.S. Department of Veteran Affairs (V.A.) loans but only for refinances. 0% down During UWM Live! ,

Insurance 475
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Redfin joins Realtor.com in displaying flood data

Housing Wire

” First Street’s model accounts for flood risk from four primary flood events, including heavy rainfall, storm surge, tidal and riverine sources. First Street’s models areas not currently mapped by FEMA , the public source that determines payouts for those applying for aid through the National Flood Insurance Program.

Insurance 511