MBA Releases Disaster Recovery Guide

MBA Releases Disaster Recovery Guide

WASHINGTON, D.C. (May 14, 2018) – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies, and any other group that offers assistance and advice to homeowners in the aftermath of a natural disaster.

“2017 was the worst year on record for economic losses, both insured and uninsured, arising from natural disasters, led by losses from hurricanes Harvey, Irma and Maria. With the 2018 hurricane season fast approaching, we wanted to support disaster preparedness and provide information necessary to help homeowners successfully recover from future disasters,” said David H. Stevens, CMB, President and CEO of MBA. “The guide outlines homeowner disaster preparedness and steps to recovery including who to communicate with about your mortgage, how to navigate the insurance process, and what forms of aid and disaster loans are generally available.”

The guide features information on how to prepare for a natural disaster before it hits, what steps to take immediately after it hits, how to begin the recovery process, and information on what recovery and rebuilding assistance is available from government agencies.

In a wide scale appeal for homeowner disaster preparedness education, MBA is encouraging its member companies to offer the guide to their customers ahead of this year’s hurricane season. MBA is also offering the disaster resource guide to the public with targeted outreach to state emergency management agencies and non-profit disaster relief organizations for distribution to borrowers. Organizations are invited to partner with the MBA in the distribution process through co-branding, sponsorship of translations, and reproduction of guides as they see fit.

MBA’s guide can be downloaded at mba.org/recovery.

CONTACT
Rob Van Raaphorst

(202) 557- 2799

SHARE
MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

Previous articleChairman of Macau Real Estate Development Company Sentenced to Prison for Role in Scheme to Bribe United Nations Ambassadors to Build A Multi-Billion Dollar Conference Center
Next articleGinnie Mae MBS Outstanding Increases to $1.950 Trillion