Loan impact
Summarized from the policy · needs reviewApplies to: Loans secured by properties located within declared disaster counties in Michigan across conventional, government, and non-agency programs.
- ANDCarrington loan
- ANDState is MI
- Addressed to
- Carrington correspondent sellersFrom the publisher, not quoted from the text
- Investor
- CarringtonFrom the publisher, not quoted from the text
- Programs
- Conventional, FHA, Non-QM, USDA, VA
- Affected area
- Eligibility
- Affected documents
- Property inspection certification
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Carrington Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the policy| Requirement | Previously | Now |
|---|---|---|
| FHA full documentation re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the initial appraisal inspection preceded April 20, 2026. |
| VA full documentation re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the initial appraisal inspection preceded April 20, 2026. |
| VA IRRRL re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the loan closing did not occur before April 9, 2026. |
| USDA loan re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the initial appraisal inspection preceded April 20, 2026. |
| Conventional loan re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the initial appraisal inspection preceded April 20, 2026. |
| Non-agency loan re-inspectionTightenedRequired | Not stated | A property re-inspection is mandated when the initial appraisal inspection preceded April 20, 2026. |
What to do
AWACS interpretation · not source languageWhat to review: Review mandatory property re-inspection requirements for loans in declared Michigan disaster areas where initial appraisal inspections preceded April 20, 2026, or VA IRRRL closings did not occur before April 9, 2026.
Require a property re-inspection on loans in declared Michigan disaster counties if the appraisal inspection occurred before April 20, 2026, or if a VA IRRRL did not close before April 9, 2026.
Complete a property re-inspection for Michigan disaster area properties where the original appraisal inspection occurred prior to April 20, 2026.
Confirm the property inspection certification is present in the loan file for affected Michigan disaster area properties meeting the specified appraisal or closing milestone dates.
QC implications
- Sample Michigan disaster area files to verify property re-inspections were obtained when initial appraisals occurred before April 20, 2026.
- Verify that VA IRRRL loans in declared Michigan counties have required re-inspections if closing was not completed before April 9, 2026.
Source and record
Version 2 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
- An independent check could not confirm which loans a change applies to; those conditions were removed
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.
Source
- Investor Disaster Policy FEMA Disaster Declaration - Michigan (2026-07-06) (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 cba3db8d8389…
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