Freddie Mac to treat MGIC, PMI and Radian as Type I insurers following remediation plan reviewsMortgagePres.comFreddie Mac, MGIC, PMI and Radian, Type I Insurers, Private Mortgage Insurer Eligibility Requirements
Freddie Mac has announced that it would continue to treat
Mortgage Guaranty Insurance Corporation (MGIC), PMI Mortgage
Insurance Company (PMI) and Radian Guaranty Inc. (Radian) as Type I
Insurers under Freddie Mac's Private Mortgage Insurer Eligibility
Requirements. Freddie Mac is one of the nation's largest investors
in residential mortgages.
The announcement follows Freddie Mac's review of the business
and financial remediation plans the companies stated they are
implementing to regain AA ratings from one or more rating agencies.
Freddie Mac retains the right to rescind or modify this decision at
For more information, visit www.freddiemac.com.