Compliance NewsHub
Disaster News

This topic consolidates the latest industry publications pertaining to natural disasters, including FEMA declarations, agency issuance's, and impact analyses from top industry providers.

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May 11, 2022

FDIC Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Mexico Affected by Wildfires and Straight-line Winds

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico affected by wildfires and straight-line winds.

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February 23, 2022

Kansas Storm Victims to Receive Federal Aid

DS News--Demetria Lester

HUD is providing federal disaster assistance to supplement state and local recovery efforts in multiple Kansas counties affected by severe storms and straight-line winds in December 2021.

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February 22, 2022

HUD to Aid Victims of Hawaiian Storms

DS News--Demetria Lester

HUD is implementing federal disaster assistance in the areas of Hawaii affected by severe storms, flooding, and landslides during the period of December 5th - December 10th, 2021.

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January 06, 2022

FDIC Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms and Tornadoes

The FDIC is providing guidance intended to provide regulatory relief to financial institutions and facilitate recovery in affected areas of Arkansas from the severe storms and tornadoes.

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December 13, 2021

FEMA: Kentucky Severe Storms, Straight-line Winds, Flooding, and Tornadoes

FEMA has published a resource page for the Kentucky storm disaster declaration on December 12, 2021.

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November 18, 2021

Fannie Mae Lender Letter- LL-2021-07 (Updated)

Lender Letter LL-2021-07, COVID-19 Payment Deferral and Fannie Mae Flex Modification for COVID-19 has been updated in regard to requirements related to performing an escrow analysis.

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September 28, 2021

USDA Update to Guidance for Servicing Borrowers Impacted by COVID-19

USDA announces the removal of the September 30, 2021 deadline for a borrower to request loan assistance due to the COVID-19 National Emergency borrowers may request assistance until the end of the National Emergency is declared.

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September 16, 2021

FDIC FIL-67-2021 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Pennsylvania Affected by Hurricane Ida

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Pennsylvania affected by Hurricane Ida.

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September 13, 2021

FDIC FIL-65-2021 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of North Carolina Affected by Remnants of Tropical Storm Fred

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of North Carolina affected by remnants of Tropical Storm Fred.

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September 13, 2021

Freddie Mac Reminder: Impact of Hurricane Ida and the California Wildfires

As Freddie Mac confirms their mortgage relief options for borrowers affected by Hurricane Ida and the wildfires in California, they are reminding our Seller/Servicers of the disaster relief policies outlined in Freddie Mac Single-Family Seller Guide Sections 4407.1 and 4407.2, and Freddie Mac Single-Family Servicer Guide Section 8404.

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September 09, 2021

VA Circular 26-21-16 Special Relief Following Hurricane Ida

VA Circular 26-21-16 expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Ida and describes measures mortgagees may employ to provide relief.

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September 09, 2021

CoreLogic Estimates $16 Billion to $24 Billion in Insured and Uninsured Flood Losses in the Northeast from Tropical Storm Ida

CoreLogic

CoreLogic released additional loss estimates for Hurricane Ida for the U.S. Northeast at an estimated $16 billion to $24 billion in insured and uninsured inland flood losses to residential and commercial properties.

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September 01, 2021

OCC News Release 2021-88 Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida

The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

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August 31, 2021

FDIC FIL-60-2021 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by wildfires.

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