Servicers can offer relief in presidentially declared major disaster areas by waiving assessments of penalties or late fees against borrowers with damaged homes, according to Freddie Mac. (americanbanker.com)
Federal agencies announced they have eased Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) appraisal requirements for areas of Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands that have been declared major disaster areas by President Trump due to Hurricanes Harvey, Irma, and Maria. (nar.realtor)
Though Obama did name eight counties to the list earlier today, the lawmakers say Columbia, Kings, Orange, Putnam, Sullivan and Washington counties need to be declared major disaster areas soon. (nystateofpolitics.com)