SUBJECT:  FEMA Disaster Declaration for Michigan

DATE:  July 23, 2021


The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Michigan due to severe storms, flooding and tornadoes.

Declaration Date:  July 15, 2021
Incident Period:  June 25-June 26, 2021

The following counties require re-inspection: Washtenaw, Wayne

If the subject property is in one of the above counties and the appraisal was completed on or before June 25, 2021 REMN Wholesale will require one of the following:

  • An Appraisal Update and/or Completion Report (Fannie Mae form 1004D), or
  • A Desktop Underwriter Property Inspection Report (Fannie Mae form 2075), or
  • Catastrophic Disaster Area Property Inspection Report (CDAIR), and
  • VA transactions only (when appraisal was required): A signed letter and Veteran Certification

REMN Wholesale prefers the original appraiser provide the 1004D or 2075 however REMN will accept the report from any appraiser as long as the original Appraisal Management Company assigns the appraiser (i.e., if the original appraisal order was placed through MMC, the 1004D, 2075, or CDAIR must also be ordered through MMC).

A 2075 or CDAIR is also required on the following:

  • FNMA transaction with a property inspection waiver (PIW) from DU or an automated collateral evaluation (ACE) from LPA

NOTE: A 2075/CDAIR is not required on an FHA Streamline or VA IRRRL transaction.
In the event significant damage is indicated on the 1004D, 2075, or CDAIR additional conditions may apply. The report must comment on the impact the disaster had on the value and marketability of the property.

Please contact your Account Executive with any questions.

Click here to access this announcement in PDF format.