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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June 26, 2023

Mid-June Thunderstorms Bring $8.7B in Property Damage Nationwide

DS News--Eric C. Peck

CoreLogic reports that severe thunderstorm activity from June 11-15 brought strong straight-line winds, record-sized hail, and tornadoes, causing substantial damage with an estimated $7-$10 billion in insured loss to property across the U.S.

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June 06, 2023

CoreLogic Says 33M Homes at Risk in 2023 Hurricane Season

MBA Newslink--Anneliese Mahoney

CoreLogic is reporting that 33 million U.S. properties are at risk of hurricane-force wind damage, with a reconstruction cost value of $11.6 trillion, as the 2023 hurricane season begins.

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September 30, 2022

Hurricane Ian Property Damage Estimated at $28B-$47B in Florida

DS News--Eric C. Peck

CoreLogic's latest estimates that wind losses for residential and commercial properties in Florida due to Hurricane Ian are expected to be between $22 and $32 billion, while insured storm surge losses in Florida are expected to be an additional $6 to $15 billion.

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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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Introducing: ACES PROTECT®

Introducing: ACES PROTECT®

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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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QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.

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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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