New law will give relief to homeowners facing steep rate hikes due to FEMA remapping.
FEMA says provision in appropriations act does not roll back flood insurance rate hikes.
Legislation that would delay flood insurance rate hikes unlikely to pass in the House as written.
Failure to pass the bill could mean skyrocketing premiums that could drop home values, NAFCU's Brad Thaler says.
Federal court may consider staying some of the rate hikes, research attorney says.
Mississippi-filed lawsuit now seen as last chance to stop January rate hikes.
Parliamentary maneuvering continues on the bill.
"We have a working coast, not second or vacation homes," state insurance commissioner says.
House hearing brings out opposing viewpoints over rates said to jump as high as 3,000%.
Write Your Own insurers pen strong message to Congress on keeping rate change law intact.