NAR backs greater protections for homeowners in new flood insurance bill

The National Association of Realtors last week indicated it would support lawmakers in their bid to introduce new flood insurance legislation that would ensure some protection for homeowners against rate increases in the event a flood map changes.

Lawmakers Looking to Block $12.79 Million Bonuses

Government-controlled mortgage finance firms, Fannie and Freddie, have received around $169 billion of taxpayer’s money in an effort to prop them up, but it was recently revealed the firms were paying just 10 executives around $12.79 million in bonuses. This unwelcome news has prompted lawmakers to look at ways of blocking these hefty bonus packages,

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