Sam Gendusa December 6, 2018

Newsletter - December 2018

Thousands of people lost their homes -- and dozens lost their lives -- in record-setting wildfires in California last month.

The “Camp Fire” in Butte County has been declared deadliest fire in California’s history, with 85 confirmed fatalities. At least 3 more people died in the “Woosley Fire” in Los Angeles County.

Nearly 400 square miles have been burned, and more than 19,500 structures destroyed by the fires — most of them homes. More than $2.6 billion in residential properties are at risk, according to an analysis by

Fannie Mae and Freddie Mac have outlined relief options for mortgage holders affected by the fires, including:

  • Allowing servicers to suspend or reduce mortgage payments for up to 90 days without any homeowner contact
  • Allowing servicers to suspend foreclosure and other legal proceedings
  • Waiving assessments of penalties or late fees against affected borrowers
  • Not reporting delinquencies caused by the fires to credit bureaus

In fact, many financial institutions have policies in place to provide relief to customers who have been impacted by the fires.

For example, Golden 1 Credit Union offers short-term loans of up to $5,000 and flexible payment options on existing loans for wildfire victims.

Bank of America has a program to provide personalized financial assistance, from waiving ATM and late fees to providing temporary payment and forbearance plans on home loans.

In addition to its emergency relief package for people with existing loans and credit cards, Navy Federal Credit Union has a new loan program that allows borrowers to get up to $15,000 for damages and evacuation expenses with terms up to 60 months at 6 percent APR.

“Once safely out of harm’s way, we strongly encourage homeowners whose homes or places of employment have been impacted by these dangerous fires to call their mortgage servicer … to learn about available relief options,” said Freddie Mac’s Vice President of Single-Family Servicer Performance Management Yvette Gilmore. “We stand ready to ensure that mortgage relief is made available.”

Blue Streak Docs can manage your document retrieval and property reports to ensure you have everything you need to protect your portfolio. If you haven’t worked with us yet, give us a try and get your 5th order FREE!

Employee Of The Month

“Our latest Employee of the Month at Blue Streak Docs is Jennifer Messer. Having been with us for 7 years, Jennifer is one of our most seasoned title search experts. Her proficiency with performing property and document retrieval searches is so extensive that in recent years she has served as Blue Streak Docs' liaison to various County Clerks' offices and other property data providers. Without fail, Jennifer always brings unwavering professionalism, a positive attitude, and a willingness to learn and succeed with everything she does. Thank you for being such a valued member of the Blue Streak Docs team!”

Try us out with 5 orders and your 5th order is FREE!