Who are these &quot;mortgage lenders&quot; you speak of? It&#x27;s all Fannie Mae and Freddie Mac and they set the underwriting requirements which include property insurance.<p>[1] - <a href="https:&#x2F;&#x2F;www.fanniemae.com&#x2F;content&#x2F;guide&#x2F;selling&#x2F;b7&#x2F;3&#x2F;02.html" rel="nofollow">https:&#x2F;&#x2F;www.fanniemae.com&#x2F;content&#x2F;guide&#x2F;selling&#x2F;b7&#x2F;3&#x2F;02.html</a>