U.S. Senators call on FHFA to rescind Biden-era policy mandating Replacement Cost Value homeowners insurance, highlighting impacts on rural housing affordability and insurance choice.

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U.S. senators call on FHFA to reverse the mandate requiring replacement cost value homeowners' insurance for federally-backed mortgages, citing impacts on affordability and choice, especially in rural markets.

Congress members led by Rep. McDowell ask FHFA to reconsider homeowners insurance mandates limiting Actual Cash Value policies to improve affordability and flexibility in federally backed mortgages.