Freddie Mac – Carrier Rating Provider Update
Freddie Mac recently expanded their list of eligible rating providers to include Kroll Bond Rating Agency (KBRA). Freddie will now accept an insurer with a minimum Insurance Financial Strength Rating of BBB or better rated by KBRA.
Freddie Mac’s acceptance of property insurance carriers rated BBB or better by KBRA coincides with Fannie Mae’s carrier rating requirements outlined in B7-3-01.
The full announcement can be found here: Selling Guide Bulletin 2023-3
Guide Impact: 4703.1