Regulation & law · 23/11/2020

FHA to Allow Private Flood Insurance for FHA-Insured Mortgages

The Federal Housing Administration (FHA) proposes to amend its regulations to permit homeowners in Special Flood Hazard Areas (SFHAs) to purchase private flood insurance instead of mandatory FHA flood insurance, in compliance with the Flood Disaster Protection Act of 1973 (FDPA).