Archives For: disaster
OCC: Examiner Guidance for Institutions Affected by Major Disasters Released
The Office of the Comptroller of the Currency (OCC) issued a news release announcing the release of guidance that outlines supervisory practices for assessing the condition of institutions directly affected by a disaster that results in a presidential declaration of a major disaster.
15 Dec 2017
Fannie Mae: Lender Letter LL-2017-09: Fannie Mae Extends Modification for Disaster Relief and Other Clarifications for Mortgage Loans Impacted by Disaster Events
Fannie Mae issued an update providing policy guidance for loans secured by properties located in a FEMA Declared Disaster Area eligible for Individual Assistance.
2 Nov 2017
FHLMC Guide Bulletin 2017-25: Servicing Requirements to Assist Borrowers Impacted by Eligible Disasters
Freddie Mac issued a release outlining the expansion of its requirements for mortgages held by borrowers whose mortgaged premises or places of employment are located in any eligible disaster area designated on or after August 25, 2017.
2 Nov 2017
HUD: FHA INFO #17-48: FHA Disaster-Related Policy Waivers Issued for Presidentially-Declared Major Disaster Areas in Puerto Rico and California
The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #17-48.
24 Oct 2017
VA Circular 26-17-32: Special Relief Following Wisconsin Severe Storms, Straight-line Winds, Flooding, Landslides and Mudslides
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by severe storms, straight-line winds, flooding, landslides, and mudslides in the state of Wisconsin.
18 Oct 2017
VA Circular 26-17-31: Special Relief Following California Wildfires
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by the California Wildfires.
13 Oct 2017
Insurance Companies Accused of Misguiding Claimants
Daily Business Review posted an article discussing instances after Hurricane Irma where insurance companies and their agents are allegedly advising policyholders not to hire attorneys and public adjusters, which is not permitted under state law.
15 Sep 2017
FHLMC Guide Bulletin 2017-19: Selling and Servicing Requirements Related to Hurricane Irma and Certain Updated Requirements Related to Hurricane Harvey
Freddie Mac issued a release announcing temporary changes to its selling and servicing requirements related to Hurricanes Harvey and Irma.
13 Sep 2017
VA Circular 26-17-22: Special Relief Following Severe Flooding, Landslides, and Mudslides in West Virginia
The U.S. Department of Veterans Affairs (VA) issued a circular expressing concern about VA home loan borrowers affected by severe flooding, landslides and mudslides in the state of West Virginia.
22 Aug 2017
HUD Allocates Additional $163 Million to Help States and Local Governments Recover From 2015, 2016 Disasters
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing additional disaster aid to help several state and local communities recover from severe flooding.
18 May 2017