Fannie Mae and Freddie Mac canceling some homeowner insurance requirements.

According to an announcement released by the United States Federal Housing Finance Agency, Fannie Mae and Freddie Mac have cancelled some homeowner insurance requirements. Fannie Mae and Freddie Mac will now accept insurance for single-family homes and apartment roofs based on actual cash value. The Federal Housing Finance Agency also stated that the relevant agencies have simplified the "maximum deductible for a single-family residence" rule.