Disaster Declaration for the State of Georgia
Disaster Declaration for the State of Georgia FEMA Notice Date: September 7th, 2023 On September 7, 2023, the Federal Emergency Management Agency (FEMA) declared that
Expiration of Temporary Guidance for the Endorsement of Mortgages Under Forbearance
Today, the Federal Housing Administration (FHA) is issuing this reminder regarding the pending expiration of the temporary guidance concerning endorsement processes for mortgages where a borrower was granted a forbearance related to the COVID-19 National Emergency prior to the loan being endorsed for FHA insurance.
This temporary guidance was first published on June 4, 2020, in Mortgagee Letter (ML) 2020-16, Endorsement of Mortgages under Forbearance for Borrowers Affected by the Presidentially- Declared COVID-19 National Emergency consistent with the Coronavirus Aid Relief, and Economic Security (CARES) Act. It was last extended in ML-2020-45, dated December 17, 2020.
During the nine months of availability, fewer than three percent of FHA-approved mortgagees requested endorsement of such mortgages. Because of its limited usage, FHA believes the expiration of this guidance will have a minimal impact to the industry. Therefore, the temporary provisions will expire on March 31, 2021.
Please contact your Account Executive for any further questions.
Disaster Declaration for the State of Georgia FEMA Notice Date: September 7th, 2023 On September 7, 2023, the Federal Emergency Management Agency (FEMA) declared that
Disaster Declaration for the State of Florida The National Hurricane Center is forecasting that Hurricane Idalia will cause widespread flash flooding along the Gulf Coast
Disaster Declaration for the State of Georgia FEMA Notice Date: September 8th, 2023 On September 7, 2023, the Federal Emergency Management Agency (FEMA) declared that
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