National Mortgage Insurance Approved as Mortgage Insurer
March 25, 2013
Today we are announcing that we have approved National Mortgage Insurance (National MI) as a mortgage insurer eligible to insure mortgages sold to Freddie Mac. National MI’s entry into the market will provide our lenders with more options when selecting a mortgage insurance provider for qualified borrowers who have down payments of less than 20 percent.
Effective April 1, 2013, Sellers can deliver mortgages insured by National MI through the selling system using Uniform Loan Delivery Dataset (ULDD) Data Point MI Company Name Type "NMI." Freddie Mac’s Single-Family Seller/Servicer Guide Exhibit 10 has been updated to include National MI as a Freddie Mac-approved mortgage insurer.
If you are interested in becoming a master policyholder with National MI, please visit National MI’s web site or call (855) 317-4664 for more information.
For More Information
- Press release issued by National MI.
- Contact your Freddie Mac representative.