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Revised PMIERS Incorporates Credit and Counterparty Risk Updates

September 27, 2018

Our Private Mortgage Insurer Eligibility Requirements (PMIERs) have been revised to incorporate changes related to our assessment of credit and counterparty risk.

Since the last PMIERs update in December 2015, new issues have emerged and existing requirements have required clarification or enhancement to further strengthen the requirements.

Freddie Mac continually explores ways to responsibly broaden access to mortgage credit while reducing risk to taxpayers. To better manage the counterparty risk underlying the important role that mortgage insurers play in high-LTV lending, the eligibility requirements are designed to cover minimum financial and operational requirements for private mortgage insurers approved to do business with Freddie Mac and selected by lenders.

The revised PMIERs − whose requirements will become effective on March 31, 2019 − set the standards and guidelines that a private mortgage insurer must meet and maintain to be an Approved Insurer eligible to write mortgage insurance selected by a mortgage enterprise on loans acquired by Freddie Mac.

Many of the changes to the eligibility standards have been previously announced via the PMIERs Guidance. Our announcement underscores Freddie Mac's commitment to working with the Federal Housing Finance Agency (FHFA), mortgage insurers and other stakeholders in the housing industry to strengthen the housing finance system.

You can find these and related updates, including FAQs, on our Private Mortgage Insurer Eligibility Requirements (PMIERs) web page.

Read Freddie Mac's statement on the new private mortgage insurer eligibility standards here.

Refer to FHFA's news release here.


Call your Freddie Mac representative or 800-FREDDIE.