Temporary Requirements for Properties Affected by Hurricane Florence and Other Disasters
October 3, 2018
As communities affected by Hurricane Florence continue to rebuild, we’re committed to helping you and your borrowers during this difficult time.
Today, we’re providing guidance and flexibilities for impacted mortgages to be sold to and serviced for Freddie Mac. Single-Family Seller/Servicer Guide (Guide) 2018-17 Bulletin:
- Announces temporary revisions to our selling requirements for certain mortgages secured by properties, or for borrowers with places of employment (as applicable), in Eligible Disaster Areas as a result of Hurricane Florence; and
- Reminds Servicers that the temporary reimbursement process for property inspections of mortgaged premises located in an Eligible Disaster Area is applicable to all property inspections conducted on and after August 29, 2017.
For details on the temporary requirements announced, please read Guide Bulletin 2018-17.