Last week, the Mortgage Bankers Association (MBA) and 14 other trade groups representing insurance companies, lenders and other financial institutions urged Congress to approve a long-term reauthorization of the National Flood Insurance Program (NFIP).

In a letter to congressional leaders dated Dec. 2, the organizations said that millions of U.S. homeowners depend on the federally backed program for protection against floods, which are the nation’s most common and costly natural disaster.

The other organizations that signed the letter include the American Land Title Association (ALTA), the National Flood Association and the American Bankers Association, among others.

“As stakeholders representing details ⇒

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