MGIC and other private mortgage insurance companies respond to PMIERs updates by Fannie Mae and Freddie Mac with support and confidence in meeting new capital requirements.
Mortgage Guaranty Insurance Corporation (MGIC) and other private mortgage insurance companies have responded to recent updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) by Fannie Mae and Freddie Mac. The updates, which include exclusions, concentration limits, and haircuts to investment assets, will be phased in over 24 months and fully effective from September 30, 2026. Companies like MGIC and Enact Holdings have stated that they support the changes and remain well-positioned to meet the new capital requirements, with their current capital exceeding the new PMIERs asset thresholds.
August 21, 2024
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