Underwriting Guidelines

Rate & Guideline Changes Archive

As a result of housing market performance, and to help make homeownership more accessible, more affordable and more sustainable for qualified borrowers, PMI has made eligibility, guideline and rate changes as outlined below.


2011


Announcement
Date
PMI Single Premium Rate Changes
Jumbo Loans & Fannie Mae HomeStyle are Now Eligible
PMI Lowers Rates for 720+ Borrowers & Expands Guidelines
PMI Expands LTVs & Credit Scores in Distressed Markets
PMI Expands Guidelines for Condominiums & Property Flips
PMI Simplifies Guidelines for DU / LP Approvals
PMI Will Remove 21 MSA/MSADs from Distressed Markets List
PMI Expands Underwriting Guidelines
PMI Single and Split Premium Rate Changes

2010


Announcement
Date
22 MSA/MSADs Removed from PMI Distressed Markets List
PMI Expands its RTM HARP-Eligible Guidelines
PMI Raises Maximum LTV to 97%
25 MSA/MSADs Removed from PMI Distressed Markets List
105 MSA/MSADs Removed
Attachment
PMI Quarterly Distressed Markets Update
PMI Quarterly Distressed Markets Update

2009


Announcement
Date
PMI Eligibility and Guideline Changes
PMI expands its HARP & Refinance-to-Modification Programs
PMI will support Home Affordable Refinance Program (HARP)
PMI Quarterly Distressed Markets Policy Update
PMI Eligibility and Guideline Changes
Attachment
PMI Eligibility and Guideline Changes

2008


Announcement
Date
PMI Quarterly Distressed Markets Policy Update
PMI Eligibility and Guideline Changes
PMI Guideline Changes for Investment Properties and Debt-to-Income Ratios
Mortgage Insurance Rate Changes
PMI Lender SpectrumSM Lender-Paid MI Rate Changes
Mortgage Insurance Rate Changes for HFA Programs
PMI Distressed Markets Policy Changes for California
PMI's Underwriting Guideline Changes and Quarterly Distressed Markets Policy Update
PMI's Fannie Mae DU v7.0
PMI Distressed Markets Announcement
Limited Documentation & PMI Distressed Markets List Changes
March 19, 2008 Announcement Letter
A-Minus & Expanded Criteria
PMI Underwriting Guideline Changes; Declining Market Policy

2007


Announcement
Date
Borrower-Paid Guideline Change
Limited Documentation Guideline Changes
Borrower-Paid Rate & Guideline Changes
Attachment
Borrower-Paid & Lender-Paid Guideline Changes
Super Single Rate Changes


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