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--Seth Welborn
Hurricane Irma has cost FEMA’s National Flood Insurance Program (NFIP) more than $1B in Florida.
DSNews--Mike Albanese
Corelogic estimates that $339,480 homes are at risk of flood damage in Louisiana from Tropical Storm Barry.
Search our Compliance Calendar for current regulatory changes & updates.
HousingWire--Alcynna Lloyd
Fannie Mae and Freddie Mac remind servicers of mortgage assistance options available for victims of disasters, including up to 12 months of mortgage forbearance.
DSNews--Seth Welborn
Fitch Ratings notes that within the affected areas exposed to this month's earthquakes in California, the expectation is that the impact on residential mortgage performance will be modest.
DSNews--Mike Albanese
A recent Corelogic report examines the financial impact, and corresponding default impact, of the 2017-2018 California fire season and looks to forecasts for 2019.
DSNews--Mike Albanese
Two recent reports suggests that the western region of the U.S. is expected to see the largest rise of distressed properties in the second half of 2019.
"ACES has made my life so much easier from a QC perspective. It's life-changing"
- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage
MBA Insights--Valerie Elkins, Vice President of Business Innovation, DIMONT
This article provides best practices for servicers handling the sheer volume of insurance claims and loss drafts following major master disasters.
DSNews--
A recent CoreLogic report shows that natural disasters continue to cause high delinquency rates, although national averages are at their lowest level in decades.
DSNews--Marissa M. Yaker, Esq., Padgett Law Group (PLG)
This article discusses best practices for a comprehensive business continuity plan to address natural disasters.
DSNews--Radhika Ojha
Protections for victims of Superstorm Sandy are set to expire July 1; lawmakers are meeting this week to discuss options.
"We are already ahead of the game and without having to add additional FTEs."
- Julie Baril, QC Manager at Norcom Mortgage
The FDIC announces regulatory relief to financial institutions to facilitate recovery in areas of South Dakota affected by severe storms and flooding.
The FDIC announces regulatory relief to financial institutions to facilitate recovery in areas of Arkansas affected by severe storms and flooding.
DS News--Seth Welborn
A second plan is being reviewed by HUD for $15.9 billion with 8.2B to be provided to Puerto Rico as a long-term investment and the remaining to be distributed to other states which will be posted in the Federal Register.
DSNews--Seth Welborn
Texas homeowners impacted by Hurricane Harvey and future disasters will soon have $1.6 billion in relief available, thanks to a new bill signed by Governor Greg Abbott.
