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Home » Store » News » Two More MIs Abandon Pilot Through Which Fannie Files MI Claims Directly

Two More MIs Abandon Pilot Through Which Fannie Files MI Claims Directly

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PMI Mortgage Insurance Co. and Radian Guaranty have pulled out of a Fannie Mae program in which the government-sponsored enterprise files mortgage insurance claims directly with the MIs, rather than having servicers do it. PMI told Inside Mortgage Finance that it decided to terminate its involvement in the program, called MI Direct, after reviewing its claims policies and finding the results didn’t justify
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