No. of Recommendations: 0
Some states are reacting.

Massachusetts Attorney General Proposes Limiting Amount of Mandatory Flood Insurance for Homeowners

“These new flood insurance changes are going to devastate many families and businesses in our coastal communities,” Coakley said.

“We continue to urge the federal government to delay implementing these changes until they’ve followed all the steps required by law,” said. “In the meantime, this state legislation can help mitigate the impact of these costs on families and businesses. [...]”

DeLeo said that as Massachusetts’ Speaker of the House and a representative of a coastal community, he has become increasingly concerned about the changes being implemented by FEMA regarding flood insurance.

“My priority is protecting Massachusetts businesses and families, whom Washington’s new system puts into peril. I am pleased to work with Attorney General Coakley to do what we can to resolve this problem at a state level,” DeLeo said.

More at =>
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.