MBA Statement for the Record for Senate Banking Committee Hearing on Flood Insurance

2023 Climate/ESG Comment Letters Commercial / Multifamily FHA Multifamily Flood Insurance Government Servicing Policy Issue
Share to

Mortgage Bankers Association (MBA) provides perspective regarding challenges within the property insurance market and their impact on consumers prior to the committee’s hearing on the issue this week. Property insurance is the first line of financial defense for homeowners, commercial owner/operators, and lenders in the event a property is damaged. The availability and affordability of property insurance impacts these groups directly, but also has downstream impacts on the broader real estate market, including lending, construction, and the availability of affordable housing – for both renters and homeowners. 

.