Home / News / Government / CMG Mortgage Insurance Gives Fannie Mae Delegation of Authority
Print This Post Print This Post

CMG Mortgage Insurance Gives Fannie Mae Delegation of Authority

As of Wednesday, ""Fannie Mae"":http://www.fanniemae.com/portal/index.html has blanket delegation of authority on behalf of all servicers from ""CMG Mortgage Insurance Company"":http://www.cmgmi.com/. Servicers can apply Fannie Mae's guidelines and process pre-foreclosure sales or deeds-in-lieu of foreclosure in connection with Fannie Mae-owned or â€"guaranteed loans without requiring separate mortgage insurer approval from CMG.

Servicers must still ensure that pre-foreclosure sales and deeds-in-lieu do not impair existing mortgage insurance coverage. A complete list of mortgage insurers that have issued blanket delegations of authority to Fannie Mae can be found at ""eFannieMae.com"":https://www.efanniemae.com/home/index.jsp.

x

Check Also

HUD Grants $150M to Tribal Communities for New, Affordable Housing

“Strong investments in Tribal communities help ensure residents can access much-needed safe and affordable housing,” said Secretary Marcia L. Fudge. “The funds HUD is making available will meet the challenges of today and allow Tribal communities to make innovative and vital advancements needed to prepare for the future."