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Fannie Mae and NAR at odds over flood-risk disclosures

HW+ Fannie Mae building

Two of the most powerful U.S. housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program.

The National Association of Realtors, which represents real estate agents, brokerages and consumers, wants the Federal Emergency Management Agency to carve out a privacy law exception, and require that the history of a property’s flood claims be disclosed to “buyers and renters, as well as owners before real estate transactions are completed,” according to a letter NAR fired off to FEMA this week.

But Fannie Mae, the government-sponsored entity that backstops a significant portion of the country’s details ⇒

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