Subject:  FEMA Disaster Declaration for New York

Date:  September 8, 2021, rev. 2 October 25, 2021


The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of New York due to remnants of Hurricane Ida.

Declaration Date:  September 5, 2021
Incident Period:  September 1 – September 3, 2021

The following counties require re-inspection: Bronx, Duchess, Kings, Nassau, Queens, Richmond, Rockland, Suffolk, Westchester

If the subject property is in one of the above counties and the appraisal was completed on or before September 1, 2021REMN 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 asthe 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.