MIs Grudgingly Make Adjustments to Meet Fannie’s New MI Coverage Requirements
January 14, 2010
Fearing adverse consequences, some private mortgage insurance companies have adjusted their MI ordering process to ensure mortgage lenders are getting the coverage they want for their loans in the wake of Fannie Mae’s implementation of revised MI coverage requirements. The changes to Fannie’s MI coverage selections became effective with the new MI applications starting Dec. 12, 2009...