AUGUST 1ST, 2018

Andddd the NFIP lives on. Well, at least for a few more months. Yesterday, the Senate passed a 4-month extension for the National Flood Insurance Program only a few hours before it was set to expire. The MBA President and CEO had this to say:

"This will protect residential and commercial real estate markets from potential harm, and provide stability for those that sell and administer the policies to millions of Americans. MBA now calls on Congress to negotiate a long-term reauthorization of the NFIP which provides certainty and protections for consumers, expands the private flood insurance market, and exempts commercial/multifamily properties from NFIP mandatory purchase requirements." (Source: MBA)