Freddie Mac intends to continue to treat Mortgage Guaranty Insurance Corp., PMI Mortgage Insurance Co. and Radian Guaranty Inc. as Type I Insurers under Freddie Mac's Private Mortgage Insurer Eligibility Requirements.
The decision follows Freddie Mac's review of the business and financial remediation plans the companies stated they are implementing to regain AA ratings from one or more rating agencies. Freddie Mac notes that it retains the right to rescind or modify this decision at any time.
Source: Freddie Mac