The program lapsing would preclude mortgage applicants from closing on home loans without the required coverage in federally designated flood zones.
https://www.nationalmortgagenews.com/news/mortgage-lenders-back-national-flood-insurance-program-renewal
Bessent to be Treasury nominee, Trump taps Turner for HUD
Hedge fund manager Scott Bessent had been the betting favorite to take the reins at Treasury....
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