Fannie Mae issued Lender Letter LL-2019-06, announcing updates to mortgage insurance requirements. Per the Lender Letter, Fannie Mae updated the MassHousing Mortgage Insurance Fund’s Loan Loss Reserve Agreement, Commitment/Certificate, and Mortgage Payment Protection Endorsement forms. Fannie Mae also updated the list of approved mortgage insurance forms. The revised MassHousing Mortgage Insurance Fund forms are required for loans with application dates on or after April 1, 2021. All other revisions are effective immediately.
Click to view the Fannie Mae Lender Letter LL-2019-06: https://www.tenaco.com/wp-content/uploads/2021/02/Fannie-Mae-Lender-Letter-LL-2021-06.pdf
