With the U.S. getting slammed by two major hurricanes this year, lenders and investors are beginning to make changes to their conditions. From policy guidelines to relief flyers, plenty of companies are trying to take charge.
Rob Chrisman highlighted some major companies that have begun to take steps towards changing the way they are currently doing business in the mortgage world.
"NewLeaf has temporarily ceased funding all loans currently in its pipeline with properties located in the state of Florida and will continue to monitor any residential property damage caused by Hurricane Irma," according to Chrisman's rundown.
"For loans with properties located in the state of Florida, NewLeaf will determine where post-disaster inspections are required prior-to-funding after Hurricane Irma’s impact is determined."
Yesterday we reported that Freddie Mac had made changes to their policies. Meanwhile, Fannie Mae is sending out hurricane relief flyers for homeowners, according to the report.
Other companies included in Chrisman's report include, Mortgage Solutions Financial, Fifth Third, Pacific Union, Plaza and more. For more on the updates post Hurricane Irma and Harvey, click on the image above.