GSES UPDATE PRIVATE MORTGAGE INSURER ELIGIBILITY REQUIREMENTS

摘要

Fannie Mae and Freddie Mac (the GSEs) have published revised Private Mortgage Insurer Eligibility Requirements (PMIERs) for private mortgage insurance companies that insure mortgage loans either owned or guaranteed by the GSEs. The GSEs were directed by the Federal Housing Finance Agency (FHFA) to strengthen their risk management requirements for mortgage insurance counterparties. Existing financial and operational eligibility requirements have been effective since 2015. The revised eligibility requirements become effective on March 31, 2019. FHFA Director Melvin L. Watt said that the updated requirements incorporate feedback from the mortgage insurance industry, and also fulfill a Scorecard priority for the GSEs.