Rising Insurance Costs Force Fannie Mae and Freddie Mac to Loosen Mortgage Insurance Rules
“Soaring homeowners insurance premiums, driven by climate risks, construction inflation, and market hardening, have prompted Fannie Mae and Freddie Mac to relax strict coverage requirements. The changes allow actual cash value policies for roofs, ease condo deductible rules, and eliminate burdensome documentation, aiming to reduce monthly housing costs, expand condo eligibility, and boost affordability for … Read more