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MGIC Master Policy #71-70384

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New Master Policy effective March 1, 2020

MGIC’s new Master Policy is designed to further align our Gold Cert rescission relief options with Representation and Warranty Framework of Fannie Mae and Freddie Mac. This policy represents a collaborative effort with U.S. Mortgage Insurers (USMI), Fannie Mae, Freddie Mac and the Federal Housing Finance Agency. Our new policy takes effect with MI applications submitted on or after March 1, 2020.

Gold Cert Coverage

Our Gold Cert protection provides rescission relief for Significant Defects due to lender underwriting errors, property valuation defects and borrower fraud. You can choose the level of protection that fits best with your business processes and needs as an organization. Click here to learn more about these options:

  • Immediate Protection
  • 12-Month Payment Protection
  • 36-Month Payment Protection*

* Loans not meeting the criteria for 36-month Payment Protection will receive rescission relief at month 60 if current; or in the event of a default, when the loan comes current.

MGIC New Master Policy and Endorsements

Master Policy effective March 1, 2020

Endorsements (coming soon)


Frequently Asked Questions

Summary of what’s new in our 2020 Master Policy

Compare new Master Policy to 2014 Master Policy

Master Policies prior to March 1, 2020

Coming Soon

We’re updating our Underwriting, Servicing and Rescission Relief Guides to align with our new Master Policy. We’ll notify all Master Policy holders as soon as they’re available.