The National Flood Insurance Program is back on the front burner, since it expired on May 31, and, to the best of my knowledge, starting yesterday the NFIP did not have authority to issue new or renewal policies. Flagstar told its broker clients that "new policies will not be able to be obtained until at least June 7th, 2010. Paid receipts accompanying flood applications must be dated prior to June 1, 2010." SunTrust told clients that "SunTrust will not purchase any loan where the structure resides in a Special Food Hazard Area without proof of flood insurance coverage in the loan file.

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