• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Around the Industry
Looking to read the full article? Subscribe today!

Around the Industry

October 13, 2017
OMB Seeks Cancellation of Portion of NFIP Debt. The Trump administration is asking Congress to cancel $16 billion of the National Flood Insurance Program’s current $23 billion debt to the Department of the Treasury so that it can continue providing subsidized flood insurance to mortgagors. The Office of Management and Budget made its request along with several legislative reform proposals in a recent letter to Vice President Michael Pence. The proposed debt cancellation and the reforms aim to place the NFIP on sound financial footing and expand the use of private flood insurance. The NFIP’s debt burden is expected to spike with claims from hurricanes Harvey, Irma and Maria. OMB Director Mick Mulvaney warned that NFIP funding could run out by the end of October, including its $30.4 billion in borrowing authority, and leave the program unable to pay claims. Cancellation of the ...
News Inside FHA/VA Lending
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply

  • Signs of Residential Finance Reaching a Bottom?

  • FHFA Slashes Commingling Fee but Is It Enough?

  • Radian Cuts Severance Deal With Departing CFO

More Imf News

Featured Data

  • PennyMac Leads Ginnie Issuers as Bottom Falls Out

  • Non-Agency MBS Issuance Fizzles in Fourth Quarter

  • ABS Issuance Thumped in 4Q22 but Rebound Ahead

  • PMI Volume Hammered in 4Q22 as FHA Gained Share

More Featured Data

Featured Reports

  • GSE Repurchase Activity: Cumulative to Second Quarter 2022 (PDF Format)

  • Top Mortgage Players 3Q22 (PDF Format)

  • Agency Channel Analysis: 3Q22 (PDF)

  • IMF HMDA Dashboard: 2021

More Latest Reports

Featured Poll

Sales of bulk mortgage servicing rights are at a fever pitch these days. Has your shop gotten in on the buying frenzy?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2023 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing