News
FHFA loosens insurance rules targeting condos, rural loans
18+ hour, 27+ min ago (750+ words) The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Fannie Mae, Freddie Mac and the agency also known as US Federal Housing,…...
Taxes, insurance eat 21% of mortgage payments
1+ week, 6+ day ago (806+ words) Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis." Property taxes and homeowners insurance costs now make up…...
Fairway moves into home insurance at origination
2+ week, 6+ day ago (560+ words) Fairway Independent Mortgage Corp. is entering the home insurance market, offering products at origination through a new partnership with The Baldwin Group." The two companies announced the launch of the home lender's new affiliated businessThursday, with Fairway utilizing embedded proprietary…...
New insurance law to change Nevada wildfire coverage in 2026
2+ mon, 2+ week ago (723+ words) A new Nevada law set to go into effect will permit insurance providers to exclude wildfire damage in homeowners policies in 2026. Legislation passed in the Silver State this spring means insurers receive explicit legal protection if they opt out of…...
Why homeowners insurance rates could stabilize in 2026
1+ mon, 3+ week ago (971+ words) While cases exist for homeowners insurance premiums to stabilize or even decline in 2026, in 36 states and the District of Columbia they rose over a two-year period, an Insurance.com report said. Ironically, one of the 12 states they were lower (three…...
California insurance regulation will need more enforcement, experts say
1+ mon, 4+ week ago (345+ words) California's latest legislation and newest laws regarding the home insurance market will not have much impact, for several reasons, according to attorneys representing both policyholders and insurers. Policyholder attorneys and advocates call the proposed bills addressing loss estimates and claims…...
Home insurance claims fall as repair costs climb
3+ mon, 3+ day ago (534+ words) The nation's homeowners filed fewer insurance claims this summer, but the average costs of them could soar to new heights." The 1,070,614 claims assignments between July and September represented the slowest summer in five years, according to risk analytics firm Verisk....
What privatizing the NFIP would cost homeowners: Insurify
3+ mon, 3+ week ago (610+ words) Privatizing the National Flood Insurance Program would raise premiums by hundreds of dollars, according to a study that estimates the impact as policymakers weigh potential changes and mortgage-related coverage costs climb. The average 64% increase would equate to an additional $600 in…...
Flood insurance retroactive restoration bill introduced
4+ mon, 1+ week ago (596+ words) As the government shutdown comes to an end, two congressmen introduced legislation to retroactively restore the National Flood Insurance Program. Reps. Troy Carter, D-La., and Mike Ezell, R-Miss., introduced the Retroactive Renewal and Reauthorization Act to the House Monday, with…...
Home insurers drop California, Florida policies at high rate
4+ mon, 2+ week ago (754+ words) Florida and California, two states hit hard by natural disasters, lead the nation in non-renewal rates of homeowners insurance policies last year, a Weiss Ratings study found. Weiss looked at National Association of Insurance Commissioners data for 2024 and also did…...