Insurance Archive

How Many Home Sales Will be Affected by a NFIP Lapse?

The National Flood Insurance Program (NFIP) must be periodically reauthorized by Congress in order to continue issuing or renewing flood insurance policies.  In 2010, multiple lapses in program authority brought uncertainty and caused major issues for homeowners in neighborhoods...

Private Mortgage Insurance

 Buying a home with a down payment of less than 20 percent can be expensive, but it just got cheaper for some home buyers. Many private mortgage insurers have dropped the rates they charge high quality borrower. Combined with...

Labor Market Indicators Show Sustained Job Growth and Stability

The number of individuals filing initial unemployment insurance claims continued to trend below 300,000 for the 57th consecutive week, the longest streak since 1973 according to the Department of Labor.[1] In the week ended April 2, 267,000 claims were...

Time to Normalize Fees

In the spring of 2015, the Federal Housing Administration (FHA) reduced its annual insurance premium. The move was controversial as the FHA was below its statutory capital ratio of 2.0 percent. However, the reduction in the MIP generated an...

Fewer Workers Filing Unemployment Insurance Claims, But Layoffs Increase in Oil-Producing States

Job losses continue to decline in 2016. The number of unemployment insurance claims filed in the first three weeks of January 2016 averaged 284,410, a decrease compared to previous years. The average number of jobless claims filed is also...