NFIP Extended Until Dec. 8 – NMP
Industry News

NFIP Extended Until Dec. 8

Sep 11, 2017
The National Flood Insurance Program (NFIP), which was set to expire on Sept. 30, was extended until Dec. 8

The National Flood Insurance Program (NFIP), which was set to expire on Sept. 30, was extended until Dec. 8 in a legislative package signed by President Trump on Friday afternoon that authorized $15 billion in emergency funding for Hurricane Harvey victims and raised the debt limit and funding of the federal government.
 
“As the damage from Hurricane Irma unfolds, it is especially important that the men and women in the Southeast and our Caribbean territories stand strong and rest assured that this Administration will always put the needs of the American people above partisan politics as usual,” said the president after signing the legislation into law.
 
The extension of the NFIP is separate from HR 2874, also known as the 21st Century Flood Reform Act, which was introduced in the House of Representatives in June but has yet to be considered by the House Financial Services Committee. President Trump has not stated whether he supports this bill, which was the backing of trade industry groups including NAMB—The Association of Mortgage Professionals and the Mortgage Bankers Association.
 
William E. Brown, president of the National Association of Realtors (NAR), welcomed the temporary extension of the NFIP.
 
“Extending the National Flood Insurance Program was a must-do item, and Congress delivered,” Brown said. “That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future homeowners demand.”

 
About the author
Phil Hall
Link copied
Published
Sep 11, 2017
Get the NMP Daily
Analysis and Data
Home Sellers Lose Pricing Power As Homes Now Sell Below Asking

New data shows sellers who miss the market on pricing are paying a growing penalty, while buyers gain leverage in many regions

A new report from Realtor.com found that the average home is now selling below its asking price, marking a significant shift from the pandemic-era housing market when bidding wars routinely pushed sale prices above list price.The report suggests today's market rewards seller...

Continue reading
Analysis and Data
More Than Half Of Buyers Say They'd Purchase A Home Without Human Help

Veterans United survey highlights growing consumer trust in AI-powered mortgage guidance, lender shopping, and document management

A growing share of homebuyers appear ready to hand more of the mortgage process over to artificial intelligence.More than half of prospective homebuyers (53%) say they would be comfortable purchasing a home without any direct human involvement, according to a new survey from...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Industry News
Jun 12, 2026
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Industry News
Jun 02, 2026
Realtor.com Launches AI Home Search Platform Built With Google

New RealAssist tool combines AI, affordability guidance and Google Maps data to engage buyers before they reach lenders

Industry News
Jun 02, 2026
Another MLS Challenges Zillow In Fight Over Listing Visibility

Realtracs joins MRED in pushing back on Zillow's listing policies, a battle with potential implications for the broader homebuying and mortgage ecosystem

Industry News
May 29, 2026
Gas Prices Are Quietly Reshaping Homebuyer Affordability

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

Industry News
May 28, 2026
MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

Industry News
May 27, 2026