Private Mortgage Insurer Eligibility Requirements

Keosha Burns

202-752-7840

"Updating eligibility requirements for mortgage insurers is an important part of reducing risk to taxpayers and building a safer, stronger housing finance system for the future. The draft requirements seek to ensure that mortgage insurance companies have sufficient liquidity to pay all claims under a potential future stress scenario, are appropriately capitalized, have strong risk management functions, and can meet new business standards. The draft requirements, along with an overview document prepared by FHFA, lay out a framework and timeline for the existing approved mortgage insurers to come into compliance with the new standards while they continue to insure new business eligible for delivery to Fannie Mae. Mortgage insurance is a key source of private capital in the mortgage finance market, and we look forward to working with FHFA and Freddie Mac to finalize these requirements after consideration of public and industry feedback."

Additional Information

FHFA Announcement:
https://fhfa.gov/news/news-release/fhfa-requests-input-on-draft-private-mortgage-insurer-eligibility-requirements-for-fannie-mae-and

Overview and Draft Requirements:
https://fhfa.gov/sites/default/files/2023-03/pmiers-overview.pdf
https://fhfa.gov/sites/default/files/2024-05/Draft-PMIERs.pdf

Frequently Asked Questions:
https://fhfa.gov/faqs/private-mortgage-insurer-draft-eligibility-requirements-frequently-asked-questions