Freddie Mac Hurricane Sandy

News & Analysis as of

Freddie Mac Announces Numerous Servicing Requirements

On June 14, Freddie Mac issued Bulletin 2013-10 to announce servicing policy changes with regard to Hurricane Sandy, foreclosure and alternatives to foreclosure, and other servicing issues....more

Servicers Granted Broad Discretion In Effort To Accelerate Release Of Sandy Insurance Funds

On February 26, New York Governor Andrew Cuomo announced that Fannie Mae, through Lender Letter LL-2013-03, and Freddie Mac, through Bulletin 2013-4, implemented new rules to accelerate the release of insurance proceeds to...more

HUD, FHFA Extend Foreclosure Protections For Hurricane Sandy Victims

On January 31, HUD and the FHFA announced that the FHA, Fannie Mae, and Freddie Mac will extend for an additional 90 days protections against foreclosure actions for borrowers whose properties were damaged or destroyed due to...more

Freddie Mac Supplements Storm Relief Guidance

On December 18, Freddie Mac updated its disaster relief policies through Bulletin 2012-29 (Bulletin). Effective immediately, but only temporarily, servicers must perform one interior disaster-related property inspection for...more

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