Chief Compliance Officer Kirk Stephens, CRCM, has provided critical insight into the recent industry letters issued by Fannie Mae and Freddie Mac. These letters are regarding clarifications made in recent guidance bulletins related to their replacement cost value (RCV) requirements for hazard insurance.

The June 1st effective date for required operational procedures around the RCV verification requirement has been delayed.

The Bulletin breaks down the recent history of GSE insurance requirements and our company’s continued implementation efforts.

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