OSC Compliance Insight Bulletin: GSEs Issue Industry Letter Delaying the Enforcement of Property Insurance Replacement Cost Value Coverage


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.

Click here to view the newsletter PDF.

Previous Post
A Hardening Market – Expert Insight and How OSC Can Help
Next Post
Chief Compliance Officer Kirk Stephens Named Featured Panelist at National Flood Conference