| Disaster Information & Updates |
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Information on recent disasters, and their affect on our industry, including:
Louisiana & the city of New Orleans | Mississippi | Fannie Mae | FEMA | Freddie Mac | HUD | USDA - Rural Development | VA | State Rulings on Insurance Deductibles | Other Articles
Government Agency & GSE Resources
DisasterAssistance.gov provides access to disaster help and resources.
Louisiana and the City of New Orleans
Mississippi
Announcement SVC-2013-16 (8/7/13) -- Updates to Assistance in Disasters
National Flood Insurance Program List of Federal Disaster Declarations with related information
FAQ's for Bulletins 2013-1, 2012-29, and 2012-26 Press Release (4/30/14) -- Extends Disaster Relief to Eligible Borrowers Harmed by Arkansas Storms Bulletin 2013-15 (8/15/13) -- provides special requirements for borrowers impacted by an eligible disaster, including the new capitalization and extension modification for disaster relief. Bulletin 2013-10 (6/14/13) -- announces Hurricane Sandy Exterior Property Inspection Reimbursement Template, must be submitted by 9/16/13 for reimbursement Bulletin 2013-7 (5/13/13) -- includes "Updates to the Streamlined Modification Effective Date to Assist Borrowers Impacted by Hurricane Sandy Bulletin 2013-4 (2/22/13) -- Temporary Property Insurance Claim Requirements for Properties Affected by Hurricane Sandy Bulletin 2013-1 (1/31/13) -- Foreclosure Sale and Eviction Closeout Moratorium Extension Related to Hurricane Sandy Bulletin 2012-29 (12/18/12) -- Special Servicing Requirements Related to Hurricane Sandy Bulletin 2012-26 (11/13/12) -- Servicing Requirements Related to Properties Affected by Hurricane Sandy and Other Disaster-Related Requirements Freddie Mac Extends Mortgage Relief to Illinois Homeowners Affected by Tornadoes (11/27/13) Freddie Mac Extends Mortgage Relief to Borrowers Affected by Hurricane Sandy (10/30/12)
For information on Freddie Mac's disaster relief policies, see the Single-Family Seller/Servicer Guide, Ch. 68, "Servicing Mortgages Impacted by a Disaster." Freddie Mac's disaster relief solutions include: short-term suspension of collection, foreclosure, and eviction proceedings for up to 12 months from the date a disaster strikes; not assessing late charges or reporting to credit repositories for borrowers on forbearance or repayment plans; and monitoring and coordinating the insurance claim process. If servicers have a unique situation that warrants special relief consideration, they should contact (800) FREDDIE or their Freddie Mac Servicing Representative.
Press Release -- HUD No. 14-039 (4/29/14): HUD Secretary Announces Disaster Assistance for Arkansas Storm Victims Press Release -- HUD No. 13-153 (10/28/13): HUD Announces Additional $5 Billion in Recovery Funds for Communities Impacted by Hurricane Sandy Mortgagee Letter 2013-36 (9/27/13): Eligible Properties in Presidentially Declared Major Disaster Area Super Storm Sandy for 203(k) insured mortgages Mortgagee Letter 2013-11 (4/12/13): Additional Guidance for the Origination and Servicing of FHA-Insured Loans in Presidentially-Declared Major Disaster Areas and Specific Requirement for Hurricane Sandy Affected Communities. Mortgagee Letter 2013-06 (1/31/13): Extension of Disaster Moratorium & Suspension of Evictions for Specified Properties Impacted by Hurricane Sandy, plus HUD & FHFA Announce Extended Relief to Borrowers Affected by Hurricane Sandy (1/31/13) HUD Announces Foreclosure Protection Storm Victims due to Hurricane Sandy (10/31/12) Mortgagee Letter 2012-28 (12/11/12): Restatement and Update of Flood Zone Requirements for FHA Insured Housing Mortgagee Letter 2012-23 (11/16/12); provides Guidance for FHA-Approved Mortgagees Originating and Servicing Mortgages in Presidentially-Declared Major Disaster Areas Mortgagee Letter 2012-19 (9/20/12): Hazard and Flood Insurance Requirement Reminder HUD Handbook 4330.1, Rev-5, “Administration of Insured Home Mortgages”
USDA - Rural Development
VA Loan Guaranty Policy Regarding Natural Disasters Circular 26-13-26 (12/3/13) Special Relief Following the Midwest Tornadoes Circular 26-13-16 (9/19/13) Special Relief Following Flooding in Colorado Circular 26-13-11 (6/17/13) Special Relief Following the Colorado Springs Fire Circular 26-13-3 (2/5/13) Continued Forbearance due to Hurricane Sandy Circular 26-12-10 (11/1/12) Special Relief Following Hurricane Sandy Circular 26-12-9 (11/9/12) See subsection (g) re Assistance to Veterans Affected by Natural Disasters.
State Rulings on Insurance Deductibles
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