Announcement 2023 - 36
Disaster Policy Update – California
<California Storm and Weather>
Federal Emergency Management Agency (FEMA) announced a Major Disaster for the counties in California listed below due to recent severe storms, flooding, landslides and mudslides. Effective immediately, loans in the following counties are temporarily suspended until further notice.
Reference: FEMA Announcement
| Kern | (Added 2/21/2023) | Re-inspection required |
| Mariposa | (Added 2/21/2023) | Re-inspection required |
| San Benito | (Added 2/21/2023) | Re-inspection required |
| Tulare | (Added 2/21/2023) | Re-inspection required |
| Tuolumne | (Added 2/21/2023) | Re-inspection required |
| Monterey | (Added 2/21/2023) | Re-inspection required |
| Santa Cruz | (Added 2/21/2023) | Re-inspection required |
| San Bernardino | (Added 4/14/2023) | Re-inspection required |
| Madera | (Added 5/3/2023) | Re-inspection required |
| Mendocino | (Added 5/3/2023) | Re-inspection required |
| Mono | (Added 5/3/2023) | Re-inspection required |
| Butte | (Added 5/25/2023) | Re-inspection required |
We will continue to monitor FEMA announcements and add or remove any additional area as needed.
In response to the potential damage caused by the event listed above, MK Lending requires Disaster Re-inspection for listed areas.
Announcement 2023 - 35
Memorial Day Holiday Hours
Please see below for Memorial Day holiday hours:
Announcement 2023 - 33
FHFA – DTI LLPA Rescinded
MK Lending is aligning with the recent Agency announcements. The announcements are summarized below with a link to the Agency’s full announcement.
Agency: Federal Housing Finance Agency (FHFA)
Effective Date: 5/10/2023
Agency Announcement: FHFA Announces Rescission of Enterprise Upfront Fees Based on Debt-To-Income (DTI) Ratio
Summary: Rescinding the DTI loan-level pricing adjustments (LLPA) from Fannie Mae’s and Freddie Mac’s pricing grid updates in January that was scheduled to take effect on August 1, 2023.
Announcement 2023 - 32
Disaster Policy Update – California
<California Storm and Weather>
Federal Emergency Management Agency (FEMA) announced a Major Disaster for the counties in California listed below due to recent severe storms, flooding, landslides and mudslides. Effective immediately, loans in the following counties are temporarily suspended until further notice.
Reference: FEMA Announcement
| Kern | (Added 2/21/2023) | Re-inspection required |
| Mariposa | (Added 2/21/2023) | Re-inspection required |
| San Benito | (Added 2/21/2023) | Re-inspection required |
| Tulare | (Added 2/21/2023) | Re-inspection required |
| Tuolumne | (Added 2/21/2023) | Re-inspection required |
| Monterey | (Added 2/21/2023) | Re-inspection required |
| Santa Cruz | (Added 2/21/2023) | Re-inspection required |
| San Bernardino | (Added 4/14/2023) | Re-inspection required |
| Madera | (Added 5/3/2023) | Re-inspection required |
| Mendocino | (Added 5/3/2023) | Re-inspection required |
| Mono | (Added 5/3/2023) | Re-inspection required |
We will continue to monitor FEMA announcements and add or remove any additional area as needed.
In response to the potential damage caused by the event listed above, MK Lending requires Disaster Re-inspection for listed areas.
