Fannie Mae's controversial plan to insure its mortgages against a homeowner's death or disability hit another speed bump.

In a May 14 letter, the Department of Housing and Urban Development told Fannie that it considers the scheme a "new program"-a designation that triggers intensive scrutiny of the scheme's purpose and impact.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.