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 - Amended and Restated

Under the guidance of FHFA, Fannie Mae worked jointly with Freddie Mac to amend and restate the guidance that was effective June 30, 2020. The amended and restated guidance clarifies Section I. It also adds new Sections V and VI to drive consistency in how mortgage insurers report non-performing loans for PMIERs purposes.  The effective date for Sections I through IV remains June 30, 2020.  The effective date for new Sections V and VI is December 31, 2020.

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