Seth Appleton, president of USMI, promptly announced the PMI trade group’s support for Pulte’s efforts to align the GSEs’ policy regarding mortgage insurance.
Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.
Fannie and Freddie report that they’ve received UAD 3.6 submissions on all property types. Likewise, Fannie said top aggregators are accepting UAD 3.6 appraisal reports and appraisal management companies support it.