Wednesday , 20 January 2021

FHA Proposes Private Flood Insurance for Single-Family Mortgages

The Federal Housing Administration (FHA) today published a proposed rule on its website that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA. In September, the White House signed a resolution that included an extension for the NFIP until September 30, 2021. The …

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