Bulletin W13-013 – Reminder, Inspection Process for Loans Affected by Hurricane Sandy
Topic included in Bulletin W13-013:
- Property inspections are no longer required on FHA Streamline loans
- On Conventional and Government loans with appraisals, if the appraisal was completed prior to Hurricane Sandy and is less than 120 days at Note date, an inspection will be required. If the appraisal is greater than 120 days, a new appraisal will be required.
- CMS Declared Disaster Policy posted on the Intranet at; Mortgage Services/Mortgage Lending/Policies and Procedures/Declared Disaster Policy
Download: Bulletin – W13-013 (PDF)