General World News

Mortgage lending could be halted by flood insurance program’s expiration, experts warn

Five days remain in the currently authorized National Flood Insurance Program (NFIP). If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending.

This is according to government researchers, other experts and lawmakers in a U.S. Senate Banking Committee hearing earlier this month. While certain experts and associations have been sounding the alarm on the potential lapse of NFIP for some time, the impacts are details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com