Based on current market conditions, RMIC is implementing guideline and eligibility changes for Investment Properties. Additionally, we are providing clarification of originator responsibilities for RMIC's Easy IQ2 Submission Program.

 

RMIC is implementing a new Streamline Refinance Policy to provide as much flexibility as possible to improve borrowers' financial positions and reduce the ultimate number of home foreclosures and mortgage insurance claims. Additionally, due to the continued decline of credit performance and the deteriorating housing market, RMIC is modifying its policy regarding Construction/Permanent loans.

 

Check out the upgraded Rate Estimator for MI Underwriting Eligibility and Click Through MI Ordering.