Disaster Alerts Summary

FEMA Disaster Alerts – Summary of Announcements List of Disasters Declared by FEMA (January ’22 – Till Date) State Disaster Declaration Type Counties Affected Incident Date Major Disaster Declaration Date OCMBC Implications KY Kentucky severe storms, flooding, landslides, and mudslides Major Disaster Declaration Breathitt, Clay, Knott, Letcher, Perry, Floyd, Pike, Magoffin, Martin, Owsley, Whitley, Leslie […]
Disaster Declaration for the State of Kentucky (Updated)

Disaster Declaration for the State of Kentucky FEMA Notice Date: June 29th, 2022 On 7/29/2022, the Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Kentucky due to severe storms, flooding, landslides, and mudslides that occurred from 7/26/2022, and continuing. On August 8, 2022, FEMA granted individuals Assistance to […]
Independence Day

Independence Day
Appraisal Relief

Appraisal Relief
Juneteenth

Juneteenth Holiday
Lock Desk Schedule, April 15th

Lock Desk Schedule, April 15th
American National Standards Institute Appraisal Standard

LSM will require all AMC’s completing FNMA appraisals use Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®)
Matrix PPP Restrictions

Please check out our Prepayment Penalty Guidelines for Business Purpose Loans
Conventional Desktop Appraisal Update

Freddie Mac introduced a desktop appraisal option in lieu of an interior and exterior inspection
Disaster Declaration for the State of Washington – Update #2

Disaster Declaration for the State of Washington – Update #2 On January 5, 2022, the Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Washington affected by flooding and mudslides from November 13, 2021, to November 15, 2021. On January 27, 2022, with Amendment No. 1 and No.2, FEMA […]