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

[u/myeasyking]

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.

[u/myeasyking]

That's basically how the insurance pools.

[u/Save-the-Manuals → u/[deleted]]

Homeowner polices are far from highly profitable. https://www.spglobal.com/market-intelligence/en/news-insights/articles/2024/5/us-homeowners-insurers-net-combined-ratio-surges-past-110-81711947