Arch MI Supports Customers Affected by Hurricane Irma
As a result of the significant damage caused by Hurricane Irma in Florida, 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 Florida Office of Insurance Regulation.
Arch MI recognizes the impact of this event on homeowners coping with damage to their homes. We are committed to working with servicers to support efficient 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.