26 Nov Freddie Mac: FHLMC Guide Bulletin 2019-24: Updates to Mortgage Insurance Master Policies
November 20, 2019
Source: Freddie Mac
Under the oversight of the Federal Housing Finance Agency (FHFA) and in coordination with Fannie Mae, we’re announcing updates to our approved mortgage insurers’ (MI) master policies, endorsements and other forms (collectively, “Master Policies”), which were last updated in 2014.
Any mortgage that will be sold to Freddie Mac that requires mortgage insurance and has an application received date on and after March 1, 2020, must be insured under one of the new Master Policies.
Enhanced Relief Refinance Mortgages® may continue to be issued under their original master policies, regardless of the new mortgage application received date when certain conditions are met.
For details on the updates to MI Master Policies please read Guide Bulletin 2019-24.