FEMA Declared Disaster – Louisiana Hurricane Ida (DR-4611-LA)
Updated September 13, 2021 - Newrez resumes the purchasing of loans in Louisiana and designates September 13, 2021, as the Incident End Date for basis to determine the property inspection requirement.
Newrez LLC "Newrez" Approved Correspondent Clients: please note, on August 29, 2021, FEMA issued a Major Disaster Declaration, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the Stafford Act), for the Louisiana Hurricane Ida natural disaster events with an incident start date of August 26, 2021. FEMA has not issued an incident end date for this declaration at this time.
Under the FEMA Major Disaster Declaration, the following twenty-five parishes (counties) have been designated for Individual Assistance due to the impact of the disaster:
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Ascension (Parish) |
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Assumption (Parish) |
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East Baton Rouge (Parish) |
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East Feliciana (Parish) |
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Iberville (Parish) |
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Jefferson (Parish) |
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Iberia (Parish) |
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Lafourche (Parish) |
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Livingston (Parish) |
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Orleans (Parish) |
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Plaquemines (Parish) |
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Pointe Coupee (Parish) |
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St. Bernard (Parish) |
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St. Helena (Parish) |
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St. Charles (Parish) |
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St. John the Baptist (Parish) |
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St. James (Parish) |
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St. Martin (Parish) |
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St. Mary (Parish) |
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St. Tammany (Parish) |
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Tangipahoa (Parish) |
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Terrebonne (Parish) |
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Washington (Parish) |
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West Baton Rouge (Parish) |
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West Feliciana (Parish) |
Effective immediately, in accordance with agency and investor requirements, Newrez will implement the following inspection requirements for loans secured by properties located in the parishes (counties) identified above.
If the effective date of the appraisal or appraisal alternative was on or prior to the September 13, 2021 incident end date, an inspection is required prior to the purchasing of the loan in accordance the Newrez Client Guide Chapter 15, Disaster Policy and Product Profiles Additional requirements may be required depending on the product type.
For FHA loans, the PDMDA inspection may be dated on or after September 9, 2021, in accordance with the FHA requirement for completing inspections at MINIMUM OF 14 days after the Incident Start date of the PDMDA.
Please refer to the Newrez Client Guide Chapter 15, Disaster Policy and Product Profiles for additional details.