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Credit union bulletins

MGIC bulletins announce changes to our Underwriting Requirements and/or rates.

MGIC news releases provide the results of our evaluation of industry changes, GSE bulletins, and announcements where we are not changing our Underwriting Requirements or premium rates.

Credit union underwriting and rates bulletins

2021

Release Date Bulletin Number, Topics, (effective dates)
02/08/2021 Bulletin #02-2021 Announces expanded use of Automated Tools for rescission relief (02/08/21)
01/28/2021 Bulletin #01-2021 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (01/28/21)

2020

Release Date Bulletin Number, Topics, (effective dates)
12/23/2020 Bulletin #18-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (12/23/20)
12/21/2020 Bulletin #17-2020 Announces increases to loan amount limits for Standard Loans, other underwriting updates (12/21/20)
12/04/2020 Bulletin #16-2020 Announces alignment with Agencies' loan limit changes for MGIC Go! Loans (12/04/20)
11/20/2020 Bulletin #15-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (11/20/20)
10/28/2020 Bulletin #14-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (10/28/20)
09/30/2020 Bulletin #13-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (09/30/20)
09/11/2020 Bulletin #12-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (09/11/20)
07/20/2020 Bulletin #11-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (07/20/20)
06/24/2020 Bulletin #10-2020 Announces updates to underwriting guidelines (07/01/20)
06/22/2020 Bulletin #09-2020 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (06/22/20)
06/10/2020 Bulletin #08-2020 Announces temporary underwriting flexibilities for borrowers with existing mortgage loans (06/10/20)
05/06/2020 Bulletin #07-2020 Announces continued alignment with the GSEs’ policies related to COVID-19 (05/06/20)
04/27/2020 Bulletin #06-2020 Announces allowing coverage to be activated on loans already in COVID-19 forbearance (04/27/20)
04/16/2020 Bulletin #05-2020 Announces alignment with the GSE's condo project and additional appraisal flexibilities (04/16/20)
04/07/2020 Bulletin #04-2020 Announces temporary suspension of insuring investment properties and cash-out refinances (05/11/20)
03/31/2020 Bulletin #03-2020 Announces alignment with the GSEs’ underwriting policies related to COVID-19 (03/31/20)
03/24/2020 Bulletin #02-2020 Announces alignment with Agencies' temporary flexibilities due to COVID-19 (03/24/20)
02/05/2020 Bulletin #01-2020 Announces our new Master Policy, Underwriting and Rescission Relief Guides, and updated Servicing Guide (03/01/20)

2019

Release Date Bulletin Number, Topics, (effective dates)
12/12/19 Bulletin #06-2019 Announces alignment with Agencies’ loan limit changes for MGIC Go! Loans (12/12/19) and increases to loan amount limits for Standard Loans (12/16/19)
10/02/19 Bulletin #05-2019 Announces updates to underwriting guidelines (10/02/19)
08/13/19 Bulletin #04-2019 Announces removal of overlay on loans with DTIs exceeding 45% and credit scores less than 700 (08/13/19)
07/11/19 Bulletin #03-2019 Announces revised rates for borrower-paid and lender-paid single premiums (08/12/19)
05/21/19 Bulletin #02-2019 Announces updates to commission income, automobile allowance and disaster guidelines (05/21/19)
02/05/19 Bulletin #01-2019 Introduces MiQ, our new risk-based pricing engine (02/14/19)

News announcements

2021

Date News Number, Topics
02/23/21 News #02-2021 Announces Address Change for Premium Payments Sent via Check Effective April 1, 2021 (02/23/21)
02/05/21 News #01-2021 Clarifies homebuyer education requirements for HFA Preferred™ loans
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