The FDIC today released an updated series of resource videos on flood insurance to help bank executives and compliance staff better understand federal flood insurance laws, regulations and compliance responsibilities. The videos cover recent changes in federal flood insurance laws, including those regarding escrowing of flood insurance premiums and fees, insuring detached structures and force-placed insurance.
Housing starts fall in March
Housing starts decreased by 11.4% in March from the month prior to a seasonally adjusted annual rate of 1.32 million, the Commerce Department reported.