MPF Update for Institutions Impacted by Midwest Flooding
In light of recent flooding, the
This includes but is not limited to confirming the state of any damage through property inspections and informing the master servicer of any loss within 5 business days by filing a form SG342 (Property Insurance Loss Draft Notification).
In addition section 8.7 covers guidance for offering default assistance to borrowers impacted by disasters in FEMA Declared Disaster areas. If you have questions or concerns or feel your MPF servicing portfolio has been materially impacted by the flooding, we encourage you to reach out to FHLB Des Moines.
Servicers of MPF Xtra or MPF Government MBS should review the MPF Xtra Servicing Guide and the MPF Government MBS guides as well as
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Ernst Surveys Flood Damage in Western Iowa With Vice President Pence, Gov. Reynolds, Sen. Grassley
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