source:
  type: guide
  id: fnma-svc-b-8.1-01
  authority: Fannie Mae Servicing Guide B-8.1-01 — Conventional Mortgage Insurance
    Servicer Responsibilities
  description: Fannie Mae Servicing Guide B-8.1-01 — Conventional Mortgage Insurance
    Servicer Responsibilities.
  coverage_tier: operative
obligations:
- id: fnma-svc-b-8.1-01-full
  canonical_id: fnma-svc-b-8.1-01-full
  section: Fannie Mae Servicing Guide B-8.1-01 — Conventional Mortgage Insurance Servicer
    Responsibilities
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide B-8.1-01 — Conventional Mortgage Insurance
      Servicer Responsibilities
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: B-8.1-01, Conventional Mortgage Insurance Servicer Responsibilities
      (11/17/2021) The following table outlines the servicer’s responsibilities for
      maintaining MI coverage. ✓ The servicer must... Obtain MI from companies Fannie
      Mae deems qualiﬁed mortgage insurers, as listed in Approved Mortgage Insurers
      and Related Identiﬁers. Ensure the MI coverage Fannie Mae requires when it purchases
      or securitizes a mortgage loan remains in eﬀect for as long as required by Fannie
      Mae. Consult with MI providers for speciﬁc processes related to obtaining approvals,
      reporting, and other operational matters in connection with a workout option,
      if applicable. Pay all renewal premiums promptly. See Reimbursement for Mortgage
      Insurance Premium Expenses in F-1-05, Expense Reimbursement. Comply with all
      requirements under the Homeowners Protection Act of 1998 or other applicable
      law. Provide mortgage insurers instructions that • authorize the release of
      data to Fannie Mae on mortgage loans it services on behalf of Fannie Mae now
      or in the future, that are insured under mortgage insurance master policies,
      and • instruct each mortgage insurer to provide to Fannie Mae any information,
      data, and materials requested by Fannie Mae. The servicer must follow the procedures
      in Instructing Mortgage Insurers to Release Data in F-1-02, Escrow, Taxes, Assessments,
      and Insurance for details on Fannie Mae’s requirements. Published May 13, 2026
      191 ✓ The servicer must... Maintain the borrower-purchased conventional MI,
      which was in eﬀect when Fannie Mae acquired the mortgage loan, unless the conditions
      Fannie Mae imposes for replacing or cancelling the coverage are met. See B-8.1-03,
      Replacing Conventional Mortgage Insurance Policies and B-8.1-04, Termination
      of Conventional Mortgage Insurance for additional information. Lender-purchased
      MI for conventional mortgage loans must be kept in eﬀect until the mortgage
      loan is paid in full. Report rescissions, mortgage insurer-initiated cancellations,
      and claim denials to Fannie Mae no more than 30 days from the date of notiﬁcation
      of the MI company’s determination to eﬀect a rescission, mortgage insurer-initiated
      cancellation, or claim denial. The servicer must follow the procedures in Notifying
      Fannie Mae of Mortgage Insurance Rescissions, Claim Denials, or Cancellations
      in F-1-02, Escrow, Taxes, Assessments, and Insurance for details on Fannie Mae’s
      requirements. Without Fannie Mae’s prior written approval, the servicer must
      not enter into any agreement that modiﬁes the terms of an approved MI master
      primary policy on mortgage loans delivered to Fannie Mae, or allows for loss
      sharing, indemniﬁcation, settlement, or similar agreements of any kind between
      the servicer and MI company that aﬀect Fannie Mae’s interest in its mortgage
      loans. Recent Related Announcements The table below provides references to recently
      issued Announcements that are related to this topic. Announcements Issue Date
      Announcement SVC-2021-08 November 17, 2021
  judgment: false
