U/W & Rate Bulletins
2008

MGIC bulletins announce changes to our underwriting guidelines and/or rates. Sign up for e-mail alerts.

2009 | 2008 | 2007

2008 Bulletins

Number	Date	Topics, (effective dates)
10-2008	10/16/08	Underwriting changes (11/24/08)
09-2008	08/25/08	Changes to Nonrestricted and Restricted Market Maximum LTVs, interest-only mortgages and second home mortgages(10/01/08); for all markets, qualifying borrowers with pending sales and those converting a primary residence into second homes or an investment property (10/01/08); new policy regarding document waiver programs(11/01/08)
08-2008	07/21/08	Expanded requirements for insurable condominium units
07-2008	07/02/08	Rate changes; changes to Restricted Markets underwriting guidelines; Nonrestricted Markets underwriting changes affecting Cash-Out and Rate & Term Refinances, as well as Maximum Borrower Exposure. (08/04/08)
06-2008	06/25/08	Insuring loans receive a Loan Prospector® 5.0 rating of LP A-minus/Eligible or Caution/Eligible.
05-2008	06/02/08	Kentucky is removed from MGIC Restricted States list (06/02/08)
04-2008	05/28/08	Maximum LTV/CLTV increased in Restricted Markets (06/01/08); Restricted States add-ons for lender-paid premiums delayed (07/01/08). Also, Restricted Markets definition modified; MGIC’s policy regarding DU 7.0; MGIC’s approach to Agency AU systems and DTIs; change to MGIC’s PreQual program/commitments issued prior to property selection (all effective 05/28/08)
03-2008	05/22/08	Revised Construction Loan Policy (05/22/08)
02-2008	05/08/08	Underwriting and rate changes for all markets, restricted markets and restricted states, including changes to maximum loan amount and minimum FICO (06/01/08); all-market premium rate changes (07/01/08)
01-2008	03/13/08	MI for GSE Conforming Jumbo product that exceeds our standard guidelines (03/01/08); LPMI in Restricted Markets (04/14/08).
Letter	03/07/08	Underwriting guideline changes: maximum LTV/CLTV for purchases and rate-and-term refinances of primary residences in nonrestricted markets and CLTV maximums to match the maximum LTV (03/31/08)
Letter	02/06/08	Changes to standard (A), expanded Criteria (A-), reduced documentation (Alt-A)and Streamline Refinance guidelines; modifying our Restricted Markets policy (03/03/08)