Archive for 'Tag Archives: 'NFIP''

NFIP & Homebuyer Tax Credit Closing Deadline Both Extended

Last night, Congress passed an extension of the closing deadline for the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of [...]

NAR Update: National Flood Insurance Program

Provided by NAR on June 1, 2010 Congress, for the third time this year, allowed the National Flood Insurance Program to expire on May 31, 2010. NAR has launched an all-member Call for Action to urge Congress to [...]

Flood Insurance Update

Regulators Issue Guidance to Allow Loan Closings During NFIP Lapse  Six of the nation’s largest lending authorities have issued guidance to administer the federal flood insurance regulations during the current National Flood Insurance Program (NFIP) lapse in [...]

CALL FOR ACTION: Critical Housing Programs Unfinished

On Friday, March 26, U.S. Congress left town for their spring recess without completing work on two critical programs essential to recovering real estate markets – the National Flood Insurance program (NFIP) and the Section 502 [...]