Arch MI Supports Customers Affected by Flooding in Louisiana
Following unprecedented flooding in Louisiana, 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 GSE loans insured 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 Louisiana Department of Insurance.
Arch MI recognizes these are very difficult times for homeowners affected by the floods, and 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.