August 16, 2017
CA 2017-05 - Credit Risk Bulletin for Fannie SeL 2017-06

The following is Arch Mortgage Insurance Company’s (Arch MI) position on the topics covered in Fannie Mae Announcement SEL 2017-06 and Freddie Mac Bulletin 2017-11.

Fannie Mae Announcement 2017-06

Arch MI either already allows or will align with the following underwriting requirement changes addressed in Fannie Mae Announcement SEL 2017-06:

The alignment with Fannie Mae’s new requirements for Employment Offers and Contracts will require an adjustment to Arch MI’s Underwriting Manual. This will occur upon our next update to the manual. However, we will begin insuring loans that meet these requirements immediately. You may underwrite to the information communicated in this Credit Risk Bulletin until the manual is updated. No other changes are required to our Underwriting Manual due to the Fannie Mae changes.

Freddie Mac Bulletin 2017-11

Arch MI will align with the following underwriting requirement changes addressed in Freddie Mac Bulletin 2017-11:

No changes are required to the Arch MI Underwriting Manual due to the updates announced in Freddie Mac Bulletin 2017-11.

© 2017 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company, United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. Coverage is available through admitted company only. Home Possible is a registered trademark of Freddie Mac.

CA 2017-05

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