United Guaranty Residential Insurance Co. is offering two reduced-insurance options for loans with low down payments.

The programs are the latest response to an initiative by Fannie Mae, which last month said it would reduce insurance requirements for low-down- payment loans to 1994 levels for borrowers approved by its automated underwriting system. It offered further reductions in coverage in exchange for a fee or higher note rate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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