Congress has given itself two more months to come up with long-term solutions for the debt-burdened federal program that provides insurance for homes and businesses in areas subject to flooding. A voice vote in the House Wednesday extended the life of the National Flood Insurance Program for 60 days, assuring that people in flood-risk areas will continue to have access to the flood insurance they need to close on mortgages or obtain refinancing. The program is slated to expire Thursday. The last full-scale reauthorization of the NFIP, a wing of the Federal Emergency Management Agency, occurred in 2004. Since 2008 the insurance provider has stayed alive through a series of 16 short-term extensions while lawmakers debate how to restore its fiscal soundness. To read Jim Abrahms full artice, CLICK HERE Title Junction is hoping that come July 31st, that Congress will extended it for a SOLID 5 more years!

June 1 marks the first day of the 2012 Atlantic hurricane season. And if Congress does not act, it could also be the day that millions of homeowners, renters, and businesses learn the hard way their property is not insured against the devastating floods that often follow a hurricane. But it's not just people who live in states affected by hurricanes who should be nervous. Flooding is one of the most common forms of natural disaster and affects nearly every region of the country—from the aftermath of blizzards in the Northeast, hurricanes along the Gulf Coast, river surges in the Midwest, or tsunamis on the West coast. What does this have to do with Congress? On May 31, the National Flood Insurance Program is set to expire. Congress established the program in 1968, as flood damage is not covered under a standard homeowners policy. Today the program provides federal flood protection to more than 5.6 million individuals and businesses across the nation, in more than 20,000 commun...