Natural disasters

Banks claim victory in new private flood insurance rule

02/11/19

Depository mortgage lenders are optimistic the final version of a regulation designed to open up the flood insurance market will make it easier for them to comply with a rule requiring them to accept private carrier policies.

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EU fines Mastercard; Why climate change worries BofA

01/23/19

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.

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FHA commissioner to serve as HUD's acting No. 2

12/17/18

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

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Congress passes one-week flood insurance extension

11/30/18

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

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Regulators offer relief to institutions impacted by California wildfires

11/15/18

Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires.

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Banks in wildfires' path scramble to contact employees

11/13/18

Assessments of damage to branches and customers' homes have been elusive.

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Reverse mortgage program remains threat to FHA’s financial health

11/02/18

As the Federal Housing Administration prepares to release its annual actuarial report sometime this month, the industry is questioning how the reverse mortgage program fits into the agency's future.

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SBA scrapping plan to back disaster loans by banks

10/25/18

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.

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Popular rebounds from Maria, but Puerto Rico's challenges endure

09/21/18

The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents.

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Banks across the Carolinas assess aftermath of Hurricane Florence

09/17/18

The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways.

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