Freddie Mac: Servicing Guidance for Mortgages Impacted by Eligible Disasters
Investor Update
July 18, 2018
Source: Freddie Mac
In today’s Industry Letter, we’re reminding Servicers to follow our requirements in Chapter 8404 of the Single-Family Seller/Servicer Guide (Guide) when servicing mortgages affected by eligible disasters.
We’re also informing Servicers that the following temporary servicing requirements for mortgages impacted by eligible disasters announced in Guide Bulletins 2017-21 [pdf] and 2017-25 [pdf] will remain in effect:
- Property inspection reimbursement
- Freddie Mac Extend Modification for Disaster Relief
- Changes to requirements for distribution of insurance loss settlements
Review our Industry Letter [pdf] for complete details.