| Title: | Fannie Mae Suspends Triad Guaranty as an Approved Mortgage Insurer |
| Source: | Fannie Mae |
| Date: | 6/20/2008 |
|  Related Document(s): |
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Summary:
Fannie Mae will not purchase or guarantee any mortgage loan insured by Triad that was closed before March 15, 2008 or on or
after July 15, 2008. Only mortgage loans insured by Triad that are closed during the intervening period are eligible for delivery.
This eligibility window is intended to provide a reasonable period for pipeline clearance. In addition, eligible mortgage
loans (i.e., those insured by Triad that are closed on or after March 15, 2008 and before July 15, 2008) must be delivered
into MBS with issue dates on or before October 1, 2008 or sold as whole loans to Fannie Mae on or before October 31, 2008.
This includes mortgage loans having either borrower-paid or lender-paid mortgage insurance from Triad.
See Related Documents to view Announcement 08-15.