Arch MI Supports GSE Relief for Hurricane Dorian
Following the significant damage caused by Hurricane Dorian on the East Coast, Arch MI affirms our support for all forbearance and loss mitigation programs initiated by Fannie Mae and Freddie Mac.
Arch MI has given servicer's 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 affected states’ insurance offices.
Arch MI recognizes these are very difficult times for homeowners coping with this catastrophic event. We stand together with the servicing community to support streamlined and effective loss mitigation programs.
For more information, please contact our Loss Mitigation team at 877-642-4642 (option 2, then option 2), or email us at email@example.com.