Skip to main content

NFIP Extended Through Sept. 30 Via Disaster Relief Bill

Phil Hall
Jun 07, 2019
Photo credit: Twitter/Donald J. Trump (@realDonaldTrump)

President Trump signed the $19 billion disaster relief bill that includes an extension of the National Flood Insurance Program (NFIP) through Sept. 30, the end of the current fiscal year.
The bill was approved last month in a Senate floor vote and by voice vote in the House, but Reps. Thomas Massie (R-KY), Alex Mooney (R-WV) and John Rose (R-TN) raised objections to the House voice vote and demanded that measure gain approval by a recorded vote. The holds were put in place as the House was departing for a 10-day Memorial Day recess.
The bill, which runs more than 70 pages, allocates funds to states that were impacted by hurricanes, flooding, wildfires and earthquakes over the past year, as well as the hurricane-damaged sections of Puerto Rico–the island is also receiving $304 million in new Community Development Block Grant funding.
The President announced his signing of the bill on Twitter.
“Just signed Disaster Aid Bill to help Americans who have been hit by recent catastrophic storms,” he tweeted. “So important for our GREAT American farmers and ranchers. Help for GA, FL, IA, NE, NC, and CA. Puerto Rico should love President Trump. Without me, they would have been shut out!”

Jun 07, 2019
R.I. Mortgage Broker Pleads Guilty To $6M Ponzi Scheme

Decade-long scheme was used to finance a lavish lifestyle.

Regulation and Compliance
Sep 30, 2022
Fannie Mae Names Almodovar Its New CEO

Financial services veteran brings more than 30 years experience and a strong commitment to affordable housing.

Regulation and Compliance
Sep 29, 2022
OCC Fines Sterling Bank & Trust $6M Over Mortgage Fraud

Bank, parent company remain under criminal investigation by Justice Department and SEC.

Regulation and Compliance
Sep 27, 2022
Federal Court Shutters Sham Mortgage Relief Operation

FTC, California agency accuse 2 business owners of scam that cost consumers millions of dollars.

Regulation and Compliance
Sep 22, 2022
CFPB Seeks Input On Creating New Mortgage Products

Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.

Regulation and Compliance
Sep 22, 2022
The Fed Raises Interest Rate 0.75% For The 3rd Time

Chairman said housing market may have to go through "a correction" to return to balance.

Regulation and Compliance
Sep 21, 2022