Fannie Mae & Freddie Mac – Rental Property Homeowner’s Insurance: Does Fannie require a homeowner’s policy on rental properties owned free and clear which are not the subject property being financed?

Answer: There is nothing in the Fannie Mae (or Freddie Mac) selling guide that tells a lender, or otherwise indicates, that a rental property, whether owned free and clear or financed, must have homeowner’s insurance. This is unless of course it is the subject property. Now let’s say that they don’t have insurance and don’t […]

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