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 2021-01

Under the guidance of FHFA, Fannie Mae worked jointly with Freddie Mac to issue new guidance that supersedes and replaces 2020-01. The COVID-19 Crisis Period in Section I expired on March 31, 2021, however loans that enter a COVID-19 forbearance on/after April 1, 2021 are eligible for capital relief for as long as they remain in such forbearance. The capital preservation period in Section II has been extended from June 30, 2021 to December 31, 2021 with exceptions. And the quality control flexibility in Section IV.A. has been extended through June 30, 2021.

PMIERS Guidance 2021-01 

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