Mortgage Insurers

Fannie Mae's Congressional Charter requires credit enhancement on mortgage loans it acquires with unpaid principal balances in excess of 80 percent of the mortgaged property’s value. This requirement is usually met by the provision of private mortgage insurance.

Revised GSE Rescission Relief Principles

Under the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac have issued new Government-sponsored Enterprise (GSE) Rescission Relief Principles to Mortgage Insurers (MIs). We’re working with MIs to revise their master policies and expect these updates to be implemented in the markets by early 2020.

Amended and Restated GSE Rescission Relief Principles

PMIERs Guidance 2020-01 - Amended and Restated

Under the guidance of FHFA, Fannie Mae worked jointly with Freddie Mac to extend two deadlines in this guidance. The COVID-19 Crisis Period in Section I is extended from December 31, 2020 to March 31, 2021 and the capital preservation period in Section II is extended from March 31, 2021 to June 30, 2021. The effective dates remain unchanged.

PMIERS Guidance 2020-01 

Updated PMIERs Effective Mar. 31, 2019

Under the direction of FHFA, Fannie Mae worked jointly with Freddie Mac to update the Private Mortgage Insurer Eligibility Requirements (PMIERs). Refer to the documents below for more information.

FHFA.gov: News Release (Sept. 27, 2018)

Fannie Mae’s Statement on updated PMIERS (Sept. 27, 2018)

FAQs: Private Mortgage Insurer Eligibility Requirements