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Underwriting and rate changes

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

2017

Release Date Bulletin Number, Topics, (effective dates)
07/26/2017 Bulletin #05-2017 announces new BPMI single and split premium rates (9/5/17)
06/27/2017 Bulletin #04-2017 announces expansion of MGIC Go! to allow 3- to 4-unit properties and updates to Standard Underwriting Requirements.
03/10/2017 Bulletin #03-2017 announces refined LPMI Single rates for loans with amortization terms greater than 20 years.
02/17/2017 Bulletin #02-2017 announces increases to our maximum LTV's and loan amounts, decreases to minimum credit scores and additional updates to our Standard Underwriting Requirements.
02/15/2017 Bulletin #01-2017 announces our acceptance of Fannie Mae's Property Inspection Waiver (PIW) for property value.

2016

Release Date Bulletin Number, Topics, (effective dates)
12/08/2016 Bulletin #06-2016 announces increases to our maximum loan amounts and updates to our premium rate adjustments (12/08/16 – Underwriting Requirements) (01/03/17 – Rate Adjustments).
09/13/16 Bulletin #05-2016 announces Underwriting Requirements updates – Co-Ops, Rate/Term Refis and Restructured Loans (09/13/16).
06/01/16 Bulletin #04-2016 announces that MGIC Go! will accept loans with a DU® Version 10.0 Approve/Eligible response and changing credit score requirements for MGIC Go! loans and our standard underwriting program for loans that are not Go!-eligible (6/25/16).
03/18/16 Bulletin #03-2016 Announces new borrower-paid monthly premium rates (04/04/16).
03/01/16 Bulletin #02-2016 expands Go! Program Eligibility (03/01/16).
02/05/16 Bulletin #01-2016 Announces new, more refined credit-tiered borrower-paid monthly premium rates (04/04/16).

News announcements

2017

Date News Number, Topics
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

2016

Date News Number, Topics
12/28/16 News #17-2016 MGIC adopts underwriting updates from Freddie Mac Bulletin 2016-23 for MGIC Go! loans.
12/12/16 News #16-2016 announces no change to MGIC Go! as a result of Fannie Mae SEL-2016-09.
12/02/16 News #15-2016 announces no change to MGIC Go! with regard to new conforming loan limits for 2017.
11/18/16 News #14-2016 announces no change to MGIC Go! or our standard underwriting requirements as a result of Freddie Mac Bulletin-2016-20.
11/09/16 News #13-2016 announces no change to MGIC Go! or our standard underwriting requirements as a result of Freddie Mac Bulletin-2016-19.
11/03/16 News #12-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Fannie Mae SEL-2016-08.
09/07/16 News #11-2016 responding to Freddie Mac Bulletin 2016-16 and Fannie Mae SEL-2016-07 and extension of HARP
08/04/16 News #10-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Fannie Mae Announcement SEL-2016-06.
07/12/16 News #09-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Fannie Mae Announcement SEL-2016-05.
06/24/16 News #08-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Freddie Mac Bulletin 2016-11.
06/08/16 News #07-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Fannie Mae Announcement SEL-2016-4.
05/16/16 News #06-2016 announces no change to our MGIC Go! or our standard underwriting requirements as a result of Freddie Mac Bulletin 2016-6.
04/12/16 News #05-2016 Announces new rates effective for Ohio on April 13.
04/07/16 News #04-2016 Announces no change to our Underwriting Requirements or pricing as a result of Fannie Mae Announcement SEL-2016-03
04/05/16 News #03-2016 Announces the activation of new BPMI and LPMI Monthly and LPMI Singles
03/29/16 News #02-2016 Announces Fannie Mae Continuity of Obligation changes from Announcement SEL-2016-02 are eligible for MGIC Go! program.
01/05/16 News #01-2016 Announces no change to our Underwriting Requirements as a result of Fannie Mae Announcement SEL-2015-13.