ARCH MI SUPPORTS CUSTOMERS AFFECTED BY HURRICANE MATTHEW
Following significant damage caused by Hurricane Matthew in various East Coast States, Arch MI reiterates our support for all Forbearance and Loss Mitigation programs that have been initiated by Fannie Mae and Freddie Mac.
Arch MI has given servicers full delegation on 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 completed; permission is not required up-front.
Additionally, Arch MI supports moratoriums issued by Fannie Mae and Freddie Mac, and directives issued by the various states affected by Hurricane Matthew.
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 firstname.lastname@example.org.