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Hurricane Michael Update - 10/12/18

As a follow up to Announcements 2018-77 and 2018-81, New Penn Financial continues to monitor the impact from Hurricane Michael.

As of today, October 17, 2018, FEMA has declared additional counties as eligible for individual assistance in Florida and Georgia. Loans that have not yet been purchased and fall into impacted areas will require the appropriate inspection as outlined in New Penn Financials’ Disaster Policy - Chapter 9 Collateral Audit and Funding.


Leon County has been added in Florida, and Crisp, Grady, Lee, Mitchell, Terrell, Thomas and Worth have been added in Georgia. Please note the full list below for each state.

 

What you should know:

  • Rate locks will be extended through Monday, October 22, 2018 at no cost to the borrower. We will continue to monitor the need for additional extensions in the coming days.
  • Additional updates to add or remove impacted counties will occur as more information becomes available.

We will continue to monitor FEMA announcements to update the loans requiring a disaster inspection as specific counties are announced and provide updates as additional information is received over the coming days.