This topic consolidates the latest industry publications pertaining to natural disasters, including FEMA declarations, agency issuance's, and impact analyses from top industry providers.
DSNews--Radhika Ojha
A recent survey conducted by ValuePenguin has found that nearly half of homeowners surveyed in hurricane-prone states have not made hurricane preparations for this hurricane season.
DSNews--Seth Welborn
According to a recent Insurance Journal report, total losses from Hurricane Barry were expected to exceed $600 million.
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DSNews--Seth Welborn
A CoreLogic report examines the current rate of delinquencies and the impact of recent natural disasters.
DSNews--Radhika Ojha
A recent report by the Urban Institute found that annual losses from disasters have trended upwards in recent times and have caused $1.7 trillion in economic losses between 1980 and 2018.
DSNews--Seth Welborn
According to a private flood insurer, the National Flood Insurance Program (NFIP) is a failed system that doesn’t address the risk faced by millions of Americans.
MBA Newslink--Mike Sorohan
Multiple coastal cities have allowed homes to be built in flood risk zones at a higher rate than homes being built in safer zones significantly adding to the flood risk.
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- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
DSNews--Seth Welborn
HUD announced announced that it will be publishing a Federal Register notice that releases disaster mitigation funds for Texas, Louisiana, Florida, North Carolina, South Carolina, West Virginia, California, Missouri, Georgia, Puerto Rico and the U.S. Virgin Islands under the Community Development Block Grant Disaster Recovery (CDBG-DR).
DSNews--
Industry leaders converged on New Orleans to discuss the impact of natural disasters upon housing and how the industry must work together to mitigate losses and assist homeowners in their time of need.
DSNews--Ray Brosseau, President of Carrington Mortgage Services LLC
This article highlights the many ways servicers must address property damage and loss, employment interruptions, and job losses for borrowers following natural disasters.
The FDIC has published regulatory relief measures to facilitate recovery of financial institutions in areas of Texas affected by severe storms and flooding.
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The FDIC has published regulatory relief measures to facilitate recovery of financial institutions in areas of Missouri affected by severe storms, tornadoes, and flooding.
DS News-- Seth Welborn
A long-term extension plan to the National Flood Insurance Program (NFIP) has been proposed by Senator Cindy Hyde-Smith of Mississippi.
HousingWire--Julia Falcon
This article explorers the housing market in the wake of the Camp Fire and Woolsey Fire in Malibu and Topanga last November.
DSNews--Seth Welborn
A new CoreLogic report estimates flood loss for residential and commercial properties to be in excess of $500M.
