Conventional mortgages may be insured by private mortgage insurers or state or local insuring agencies that have been approved under Fannie Mae’s Qualified Mortgage Insurer Approval Requirements to insure loans sold to or serviced for Fannie Mae. For a listing of the eligible conventional mortgage insurers and their associated mortgage insurance codes see Approved Mortgage Insurers and Related Identifiers.
The form of mortgage insurance policy, including any endorsements, must be acceptable to Fannie Mae.
For additional information, see B7-1-01, Provision of Mortgage Insurance.