Today, Treasury issued Supplemental Directive 12-08, which addresses Federally Declared Disasters, such as Hurricane Sandy, and specifically directs Non-GSEs (servicers) with respect to the following topics:
- Flexibility with Borrowers in Federal Emergency Management Agency (FEMA) Designated FDD Areas
- Forbearance Plans
- Borrowers in a Home Affordable Modification Program® (HAMP) or the Second Lien Modification ProgramSM (2MP) Trial Period Plan
- Borrowers in a HAMP or 2MP Permanent Modification
- Handbook Mapping
To read Supplemental Directive 12-08, click here.
