The House Financial Services Committee has approved a 15-year extension of the federal government's terrorism insurance program along with changes to expand the coverage, which the Bush administration opposes.The bill to extend the Terrorism Risk Insurance Act would require insurance companies to offer coverage for nuclear, biological, chemical, and radiological acts of terrorism for the first time. The TRIA bill (H.R. 2761) also eliminates the distinction between foreign and domestic acts of terrorism. "We strongly oppose this bill," said Treasury Assistant Secretary David Nason. The administration, which wants the TRIA program to remain a temporary federal backstop for private insurers in case of major terrorist attack, would prefer a bill with a two-year extension and no expansion in coverage. Congress extended TRIA in 2005, and it expires at the end of this year.
-
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
October 2 -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
October 2 -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
October 2 -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
October 2 -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
October 2 -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
October 1








