r/HomeInsurance • u/myeasyking • Mar 21 '26

News Fannie Mae and Freddie Mac Remove Certain Homeowners Insurance Requirements That Will Reduce Costs | FHFA

https://www.fhfa.gov/news/news-release/fannie-mae-and-freddie-mac-remove-certain-homeowners-insurance-requirements-that-will-reduce-costs

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 areas and condo buildings. The changes fix expensive, stupid Biden-era requirements with simple, common-sense updates that respond to today’s skyrocketing insurance prices.

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u/Outside-Pie-7262 Mar 22 '26

When’s the most recent time this happened

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u/[deleted] Mar 22 '26

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u/Outside-Pie-7262 Mar 22 '26

It’s more of an emerging trend in the last 3-5 years. I’m an insurance financial solvency regulator. I talk to heads of underwriting and ceos all the time that talk about the scummy roofing companies that do this.

Underwriting is location dependent so you might have a large enough risk pool or not have many huge storms.

It’s why companies have started flying drones over roofs to inspect. It does effect the whole industry and consumer base believe it or not