Arch MI Supports Customers Affected by California Wildfires
Arch MI affirms our support for all forbearance and loss mitigation programs initiated by Fannie Mae and Freddie Mac for those impacted by the California wildfires.
Arch MI has given Servicers full delegation on Arch MI-insured GSE loans to proceed with workouts that meet the guidelines set forth by Fannie Mae and Freddie Mac. The Servicer’s only obligation is to report the workout once it is complete; permission is not required up front.
Additionally, Arch MI supports moratoriums issued by Fannie Mae and Freddie Mac and directives issued by the California Department of Insurance.
Arch MI recognizes the impact of this event on homeowners coping with wildfire home damage. We are committed to working with Services to support efficient and effective loss mitigation programs.
For more information, please contact our loss mitigation team at 800-909-4264 or email us at firstname.lastname@example.org.