HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading
Ida, which hits just as new risk ratings for the National Flood Insurance Program are scheduled to take effect on Oct. 1, could also put uninsured property owners at risk. Continue reading
The federal government took a flurry of actions before the end of the year. Read Lew Sichelman’s latest column to catch up with housing finance news you might otherwise have missed. Continue reading