Anthony Acevedo Anthony Acevedo

Flood Insurance 2.0: Congress Updates Its Analysis

National flood insurance will undergo a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Under “Risk Rating 2.0,” policy rates will be individualized based on a specific home rather than a general blanket rate based on flood zones.

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Anthony Acevedo Anthony Acevedo

Senator Outlines Goals for Mortgage Reform; NAR Agrees

Government-owned Fannie Mae and Freddie Mac must be reformed, yet if done badly, it could threaten the U.S. housing market and possibly make 30-year mortgages obsolete. But a Senate Banking Committee member issued “guiding principles” that have been backed by NAR.

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Anthony Acevedo Anthony Acevedo

Mortgage ‘Flexibilities’ Extended to May – but Likely Last Time

FHFA extended mortgage-approval changes added during the pandemic – such as alternatives to appraisals and alternate methods to verify income and employment – through April 30. But the agency said that’s likely the last time it will do so, at least for some of the temporary easements.

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Anthony Acevedo Anthony Acevedo

Commercial Real Estate Poised for 2021 Rebound

As vaccination rates rise nationwide, commercial real estate is likely to post gains across all sectors, fueled by pent-up demand and a high level of consumer savings, said leading economists.

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