Skip to main content

SEL 11-08: Suspension of PMI Mortgage Insurance Co., PMI Insurance Co., and PMI Mortgage Assurance Co. as Approved Mortgage Insurers

Fannie Mae has suspended PMI Mortgage Insurance Company (MIC) and its affiliates (PIC and PMAC) as approved mortgage insurers effective immediately. As a result, Fannie Mae will not purchase or securitize any mortgage loan insured by MIC, PIC, or PMAC that is dated before May 19, 2011, or after September 16, 2011. In addition, eligible mortgage loans must have pool issue dates on or before December 1, 2011, for MBS, or have delivery dates on or before December 30, 2011 for whole loans.  To read more about this suspension, read Selling Guide 2011-08.

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.