DS News - U.S. Bank

» VISIT US ONLINE @ DSNEWS.COM 5 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff e National Association of Realtors reported that foreign investors bought 183,000 properties, valued at $77.9B, between April 2018 to March 2019. According to CoreLogic, Hurricane Barry caused more than $500M in property damage when it made landfall in July. NFIP GETS NEW LEASE ON LIFE INSIDE THE JOURNAL // ON THE WEB // THE APP SPECTRUM // MOVERS & SHAKERS TAKE A LOOK INSIDE THE NUMBERS D A T A B I T S Source: Veros, "The Strongest and Weakest Markets of 2019" www.veros.com/news/2019/07/new-forecast-predicts-us-real-estate- appreciation-remain/ RESIDENTIAL REAL ESTATE— CITIES WITH HIGHEST PREDICTED APPRECIATION RATES RESIDENTIAL REAL ESTATE— CITIES WITH HIGHEST PREDICTED DEPRECIATION RATES 1 GRAND FORKS, NORTH DAKOTA-MINNESOTA 2 BRIDGEPORT-STAMFORD-NORWALK, CONNECTICUT 3 BATON ROUGE, LOUISIANA 4 LAFAYETTE, LOUISIANA 5 NORWICH-NEW LONDON, CONNECTICUT 6 DANVILLE, ILLINOIS 7 SHREVEPORT-BOSSIER CITY, LOUISIANA 8 HOT SPRINGS, ARKANSAS 9 JONESBORO, ARKANSAS 10 HOUMA-BAYOU CANE-THIBODAUX, LOUISIANA 1 ODESSA, TEXAS 2 COEUR D'ALENE, IDAHO 3 IDAHO FALLS, IDAHO 4 BOISE CITY-NAMPA, IDAHO 5 MIDLAND, TEXAS 6 BELLINGHAM, WASHINGTON 7 SPOKANE, WASHINGTON 8 KENNEWICK-PASCO-RICHLAND, WASHINGTON 9 POCATELLO, IDAHO 10 YAKIMA, WASHINGTON e House Financial Services Committee unanimously approved a markup of eight bills aimed to make homeownership more affordable and sustainable. is included two bills to reform and reauthorize the National Flood Insurance Program (NFIP). e two approved bills were H.R. 3111, "e National Flood Insurance Program Administration Reform Act of 2019"; and H.R. 3167, "e Nation Flood Insurance Reauthorization Act of 2019." H.R. 3111 would bring improvements to the NFIP appeals process, accountability, and transparency of the claims process. H.R. 3167 would reauthorize the NFIP for five years and includes numerous reforms to increase affordability, mapping, and modernization. Rep. Maxine Water, Chairwoman of the House Financial Services Committee, introduced the bill to reauthorize the NFIP, which eventually passed by a bipartisan vote of 59-0. "e National Association of Mortgage Brokers (NAMB) and its thousands of members are very proud this morning of Chairwoman Waters and Ranking Member McHenry for their tireless work spearheading a long- term solution that protects millions of Americans," NAMB Board President Rick Bettencourt said. "is extension of the NFIP positively impacts many critical levels of the mortgage industry, and our entire body stands by this bipartisan legislation that will improve how our industry can and will do business." At a recent National Flood Conference, Waters discussed the benefits of the NFIP, stating that the program was "at risk." "e NFIP makes flood insurance available to millions of homeowners, renters, and business owners and also helps those policyholders to reduce their risk by providing flood mapping, floodplain management, and mitigation services," she said. "ese activities help local communities and individuals prepare for the financial impact of flooding, whether it is caused by heavy rainfall that affects families living in the Midwest or life-threatening storms that pummel the millions of homes and businesses along the coasts." e NFIP received a last-minute extension on May 31, just hours before it was set to expire. Two prior attempts to extend the program failed, the Senate had approved two bills to extend the program: the first is part of the disaster relief legislative package that would extend the NFIP through September 30, and the second would provide a two-week extension. PAGE 20 Director of Purchasing and Vendor Management, Gateway First Bank FIVE MINUTES WITH WITH Jacquelyn Pardue RANKING METRO RANKING METRO

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