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) Recession 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 Recession Relief Principles

PMIERs Guidance 2020-01 Effective June 30, 2020 

Under the guidance of FHFA, Fannie Mae worked jointly with Freddie Mac to amend the Private Mortgage Insurer Eligibility Requirements (PMIERs) in response to the COVID-19 crisis. This guidance permanently or temporarily amends the specified sections of the PMIERs, effective June 30, 2020. Refer to the document below for more information. We are also publishing a revised Exhibit F (Quarterly Portfolio Loan Level Dataset) that allows mortgage insurers to report loans receiving the disaster relief multiplier indicator. 

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