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Underwriting and rate changes

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We publish and distribute Bulletins to announce underwriting and rate changes. We publish News announcements regarding industry changes and their effect on our Underwriting Requirements or rates.

Underwriting and rates bulletins

2021

Release Date Bulletin Number, Topics, (effective dates)
04/29/2021 Bulletin #06-2021 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (04/29/21)
03/25/2021 Bulletin #05-2021 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (03/25/21)
03/22/2021 Bulletin #04-2021 Announces updates to underwriting guidelines (04/08/21)
02/25/2021 Bulletin #03-2021 Announces continued alignment with recent GSE COVID-19 temporary underwriting flexibilities (02/25/21)
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)
12/12/2019 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)
10/02/2019 Bulletin #05-2019 Announces updates to underwriting guidelines (10/02/19)
08/13/2019 Bulletin #04-2019 Announces removal of overlay on loans with DTIs exceeding 45% and credit scores less than 700 (08/13/19)
05/21/2019 Bulletin #03-2019 Announces updates to commission income, automobile allowance and disaster guidelines (05/21/19)
04/16/2019 Bulletin #02-2019 Announces new lender-paid single premium rates (06/17/19)
02/05/2019 Bulletin #01-2019 Introduces MiQ, our new risk-based pricing engine (02/14/19)

2018

Release Date Bulletin Number, Topics, (effective dates)
12/19/2018 Bulletin #07-2018 Announces increases to maximum loan amounts and maximum cash-out (12/19/18)
11/21/2018 Bulletin #06-2018 Announces updates to our sweat equity requirements and clarifies the LTV calculation for community land trusts and properties with resale restrictions (11/21/2018)
08/27/2018 Bulletin #05-2018 announces our support of Fannie Mae's high loan-to-value (LTV) refinance option and Freddie Mac's Enhanced Relief Refinance® Mortgage (08/27/2018)
07/17/2018 Bulletin #04-2018 announces Fannie Mae's Collateral Underwriter® Risk Score ≤ 2.5 meets our Property Value Requirements (07/17/2018)
06/07/2018 Bulletin #03-2018 announces new premium rates (07/09/18)
04/09/2018 Bulletin #02-2018 announces new borrower-paid premiums (06/04/18)
01/12/2018 Bulletin #01-2018 announces changes to underwriting requirements (03/01/18)

News announcements

2021

Date News Number, Topics
03/30/21 News #03-2021 Announces Uniform Residential Loan Application (URLA) requirements (03/30/21)
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

2018

Date News Number, Topics
12/19/18 News #03-2018 provides underwriting guidance in response to California Wildfires
09/21/18 News #02-2018 provides underwriting guidance in response to Hurricane Florence
02/15/18 News #01-2018 Mortgage insurance tax deductibility update for MI premiums premiums paid in 2017

2017

Date News Number, Topics
09/05/17 News #15-2017 MGIC responds to Freddie Mac Bulletin 2017-13
09/05/17 News #14-2017 MGIC responds to Fannie Mae Desktop Underwriter®/Desktop Originator® Release Notes - DU Version 10.0 and 10.1
08/22/17 News #13-2017 MGIC adopts updates from Freddie Mac Bulletin 2017-12 for MGIC Go! loans
08/09/17 News #12-2017 MGIC adopts updates from Freddie Mac Bulletin 2017-11 for MGIC Go! loans
08/04/17 News #11-2017 MGIC adopts updates from Fannie Mae Announcement SEL-2017-06 for MGIC Go! loans
07/05/17 News #10-2017 MGIC responds to Fannie Mae Lender Letter LL-2017-02
06/14/17 News #09-2017 MGIC adopts updates from Freddie Mac Bulletin 2017-8 for MGIC Go! loans
06/09/17 News #08-2017 MGIC adopts updates from Fannie Mae Desktop Underwriter®/Desktop Originator® Release Notes — DU Version 10.1 for MGIC Go! loans
05/30/17 News #07-2017 MGIC responds to Freddie Mac Bulletin 2017-7
05/05/17 News #06-2017 MGIC adopts underwriting updates from Fannie Mae Announcement SEL 2017-04 for MGIC Go! loans
04/10/17 News #05-2017 MGIC responds to Fannie Mae Announcement SEL-2017-03
04/05/17 News #04-2017 MGIC responds to Freddie Mac Bulletin 2017-3
03/29/17 News #03-2017 MGIC adopts underwriting updates from Freddie Mac Bulletin 2017-2 for MGIC Go! loans
03/08/17 News #02-2017 MGIC adopts underwriting updates from Fannie Mae Announcement SEL-2017-02 for MGIC Go! loans
02/09/17 News #01-2017 MGIC adopts underwriting updates from Fannie Mae Announcement SEL 2017-01 for MGIC Go! loans
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