Mortgage Insurers Don't Get Their Wish in New GSE Capital Rules

April 18, 2015 1:18 AM

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The final rule outlining new eligibility criteria for private mortgage insurers of Fannie Mae and Freddie Mac loans lacks a key feature that many industry participants had sought: the ability to count future insurance premiums towards capital reserves.

The issue was the linchpin of the changes that legacy PMI companies advocated for in the final rule of the Private Mortgage Insurer Eligibility Requirements, or PMIERS, which was issued Friday by the two government-sponsored enterprises under the guidance of their conservator, the Federal Housing Fi...

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