Rising insurance costs push Fannie, Freddie to adjust mortgage rules
Corroborated by 2 sources from 2 publishers
globalgeneral2d ago
TL;DR
Washington, D.C. American homebuyers are about to get a break. New rules for Fannie Mae and Freddie Mac mortgages will help to lower home insurance bills for millions of families, especially in rural… [+2888 chars] Mortgage giants Fannie Mae and Freddie Mac are loosening homeowners insurance requirements in an effort to lower one of the "hidden costs" of homeownership.