“According to the Federal Emergency Management Agency, about 22,000 Colorado homeowners have flood insurance policies. With 2.2 million housing units in Colorado, according to Census figures, that means about 1 percent of the State’s residences have flood coverage.”
Is this saying that only 1% of the properties in this effected area had a loan tied to a federal agency??? Or are the lending institutions going to be on the hook for not reviewing their loan portfolio(s) and requiring this flood insurance coverage?
“According to the Federal Emergency Management Agency, about 22,000 Colorado homeowners have flood insurance policies. With 2.2 million housing units in Colorado, according to Census figures, that means about 1 percent of the State’s residences have flood coverage.”
Is this saying that only 1% of the properties in this effected area had a loan tied to a federal agency??? Or are the lending institutions going to be on the hook for not reviewing their loan portfolio(s) and requiring this flood insurance coverage?