When the Midwest was devastated by floods in 1993, Congress set to work on getting its oft-stalled flood legislation passed to help spare the depleted FHA mutual mortgage insurance fund from further siphoning.

During the Midwest deluge, some pundits in Washington questioned whether the same should be done for earthquake insurance. There hasn't been much movement on that front, but the issue hasn't gone entirely unnoticed at HLJD where the department has finalized rules that impose new minimum seismic safety requirements for all loans insured by FHA.

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