Arch MI Supports GSE Relief for Hurricane Harvey
Following the significant damage caused by Hurricane Harvey in Texas, Arch MI affirms our support for all forbearance and loss mitigation programs initiated by Fannie Mae and Freddie Mac.
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 upfront.
Additionally, Arch MI supports moratoriums issued by Fannie Mae and Freddie Mac and directives issued by the Texas Department of Insurance.
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 800-909-4264 or email us at email@example.com.