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Home » Store » News » Flood Insurance Coverage for New, Existing Mortgages Becomes Uncertain as Congress Fails to Extend NFIP

Flood Insurance Coverage for New, Existing Mortgages Becomes Uncertain as Congress Fails to Extend NFIP

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The Federal Emergency Management Agency has issued emergency guidelines to lenders after Congress adjourned without extending the authority of the National Flood Insurance Program to issue policies beyond the end of this year. Legislation reauthorizing the NFIP was approved unanimously by the Senate on Nov. 22 and was referred to the House Financial Services Committee, but Congress adjourned before final
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