Freddie Mac Gives Shared Equity Ownership a Closer Look

Home / Blog / Freddie Mac Gives Shared Equity Ownership a Closer Look

Posted To: MND NewsWire

Freddie Mac made two announcements this week. The first is a long expected administrative change to requirements for private mortgage insurance (PMI) which will go into effect on March 31, 2019. The company updated these requirements under a mandate from its regulator the Federal Housing Finance Agency (FHFA), incorporating changes related to its assessment of credit and counterparty risk. The new financial requirements include revisions to the risk-based asset requirements, enhancements to the treatment of approved risk transfer transactions, and adjustments to risk transfer credit arising from counterparty risk associated with reinsurance transactions. PMI is required for mortgages where the borrower is making less than a 20 percent down payment. Gina Healy, vice president of credit risk...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

dd2f440a d0aa 4d13 af98 1e1c58b63de3 3ce4ce16 a268 48ab ad52 be318d3ff63b b8a75f46 5595 4258 8888 08912d9ec552 aaf56a08 a183 4c65 b012 bb94815fad61 d5c9e5e1 a959 43e7 b932 551465633605 90fcc66c 0a9e 435d 95f3 991881652c9d 71ce1e42 fef8 4b93 8f1c f3f10b388ee8 9ac8a2eb 578a 4c18 8ea2 d8a78c974a8d 1108b596 8ad3 490d aa28 b74439c0d388 4e6f48d1 366a 4ece bcf9 879a5f6e3ea7 cc4919a5 727c 4d29 91a8 27a31959c726 736c93ac b0fa 4104 906f 8d19b0a2730a 05f15db3 dd30 4d2e 8b00 8d87081237a1 11a4682f 1e20 470e 8b55 9a96383284b8 f38668b4 686b 4121 87de d19312a4cd5e cc2da02f 3911 4e30 bce0 a1cbc5371017 1c7aaf5d 78db 477b b1aa eb4867153e13 17c221d2 b730 4f95 80ed 0457d5fef3f6 84df295f 1ea5 4eb8 8600 5b4fb4e7c80f 085c8658 4bd1 4608 91e4 46fa251dbca6 ef60467b 12e0 4f2b 841b d37ff523114e cb67be6c 0e6d 43f7 abb5 89442b193240 5141c076 ff53 43f5 98c4 5e9226d31843