Announcements of various loan servicing investors and insurers:
Fannie
Mae's Lender Announcement 05-06 (August 24, 2005)- Describes changes
to Fannie's natural disaster relief procedures, primarily in regard to insurance
claim proceeds.
Fannie Mae Servicing Guide-
General information on natural disaster relief.
FHLMC policies for
Major Disaster
Areas
FHLMC Hurricane
Katrina Relief
Guidelines
FHLMC
Hurricane Katrina Relief Guidelines Press Release
See Mortgagee Letter 2005-33 (August 31, 2005) re "Underwriting and Servicing Policies to Assist Victims of Presidentially-Declared Major Disaster Areas." Visit: www.hud.gov/offices/hsg/mltrmenu.cfm, select 2005 letters and click on the specific letter. Among federal assistance for victims of these disasters is FHA's Section 203(h) mortgage insurance program as well as other actions undertaken by HUD following the President's declaration.
Further, for HUD Hurricane Katrina Information:
For additional information for lenders and housing counselors on Presidentially-declared disaster areas or contact HUD's National Servicing Center in Oklahoma City (phone: 888-297-8685).
VA
VA
Loan Guaranty Policy regarding Natural
Disasters
Houston RLC
Bulletin 2005-09 (August 30, 2005) titled "Requirements for Louisiana
VA Loans when Properties are Located in a Disaster Area - Hurricane Katrina"
Servicers should also check with FEMA (Federal Emergency Management Agency) for any amendments:
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The Wolf Firm
A Professional Law Corporation
245 Fischer Ave., Ste A-9
Costa Mesa, CA 92626
(949) 720-9200 Phone
(949) 720-9250 Fax
E-Mail
us at Alan_Wolf@wolffirm.com
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