June 9, 2015
Flexibility for Properties Affected by Texas and Oklahoma Storms
As communicated in our media release on June 9, 2015, United Guaranty's disaster policy for homeowners impacted by the recent storms in Texas and Oklahoma follows the requirements of Freddie Mac and Fannie Mae.
Forbearance measures to prevent foreclosure actions on those coping with storm damage should follow the procedures and guidelines on dealing with homeowners affected by disasters, natural or otherwise.
Servicers will not need prior approval from United Guaranty for workout terms on individual cases under these guidelines.
For more information, please contact your United Guaranty representative.
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