Welcome to DSNews.com—delivering stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Mon May 21, 2012
Earlier this year, the California Housing Loan Insurance Fund (CaHLIF) ceased writing new mortgage insurance policies. The insurance fund is administered by the California Housing Finance Agency.
Effective immediately, Fannie Mae says it is suspending CaHLIF as an approved mortgage insurer.
The GSE says given the date on which CaHLIF ceased writing new policies, this suspension should have no impact on current loan production. Servicers should continue to renew coverage with CaHLIF when existing policies expire unless notified otherwise by Fannie Mae.
The GSE’s list of acceptable conventional mortgage insurers has been updated to reflect the suspension of CaHLIF, and can be found on Fannie’s servicer Web site.
Do you have a news tip, story idea, or suggestion for DSNews.com or DS News magazine?
Simply e-mail editor@dsnews.com.
Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution!
