| HUD ML 2005-46 Special Authority for Use of Partial Claims and Loan Modifications |
| Friday, 02 December 2005 | |
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On December 2nd, HUD released ML 2005-46 titled, "Special
Authority for Use of Partial Claims and Loan Modifications to
Assist Victims of Hurricanes Katrina, Rita and Wilma in
Presidentially-Declared Major Disaster Areas in Alabama,
Florida, U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT
WASHINGTON, DC 20410-8000 MORTGAGEE LETTER 2005-46 TO: ALL APPROVED MORTGAGEES ATTENTION : Single Family Servicing Managers SUBJECT: Special Authority for Use of Partial Claims and Loan Modifications to Assist Victims of Hurricanes Katrina, Rita and Wilma in Presidentially-Declared Major Disaster Areas in Alabama, Florida, Louisiana, Mississippi and Texas. Destruction and flooding caused by Hurricanes Katrina, Rita and Wilma have greatly affected portions of Alabama, Florida, Louisiana, Mississippi and Texas. This Mortgagee Letter provides special authority for use of Partial Claims and Loan Modifications to assist borrowers in the areas declared eligible for individual assistance by FEMA who are unable to maintain mortgage obligations due to hurricane related property damage, curtailment of income or increased living expenses. To view the full Mortgagee Letter please click on the following link: |