Announcement 2020-101 - Hurricane Laura

Hurricane Laura - Texas and Louisiana - Update

Hurricane Laura Impacts

As a follow up to Announcement 2020-099 issued on August 26, 2020, we are lifting the pause in closings and fundings of loans in the state of Texas. Loan closings and fundings may resume for the previously announced impacted counties.

Loans in previously announced counties in the state of Louisiana remain in effect until further assessment of the storm can be made.  

At present time, FEMA has not formally declared impacted counties and as a result future updates regarding requirements for property inspections may occur. 

  • NewRez will continue to fund loans in Texas so long as closings are able to occur, and borrowers have acceptable insurance policies in place.
  • NewRez will not make exceptions to permit a loan to close without a subject property being covered by an active insurance policy that meets applicable requirements.
  • Loans that have not yet gone to closing and fall into impacted areas will require the appropriate inspection as outlined in our Disaster Policy.

 

Impacted Counties/Parishes Remain in Force

Louisiana Parishes

Acadia

Allen

Assumption

Beauregard

Calcasieu

Cameron

De Soto

Evangeline

Iberia

Jefferson

Jefferson Davis

Lafayette

Lafourche

Natchitoches

Plaquemines

Rapides

Red River

Sabine

Saint Martin

Saint Mary

Terrebonne

Vermilion

Vernon

 

 

                     

Texas Counties – All counties below may resume closing/funding as normal

Angelina

Bowie

Brazoria

Cass

Chambers

Fort Bend

Galveston

Hardin

Harris

Harrison

Jasper

Jefferson

Liberty

Matagorda

Nacogdoches

Newton

Orange

Polk

Sabine

San Augustine

Shelby

Tyler

Wharton