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Home » Store » Mortgage Insurance » FHFA Shutters Fannie’s Force-Placed Plan

FHFA Shutters Fannie’s Force-Placed Plan

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Mortgage Insurance

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The Federal Housing Finance Agency has tabled – for now – a plan being pushed by Fannie Mae to lower force-placed insurance rates by as much as 30 percent, bringing in a group of insurance firms that are not traditional players in the market, industry officials who were briefed on the matter said. These officials, speaking under the condition their names not be published, said Fannie Executive Vice President Terry Edwards was heavily pushing the plan, but in the end the FHFA decided to delay action and set up a study group to look into the matter further. The names of the insurers that Fannie was working with were not released.
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