source:
  type: guide
  id: fnma-svc-b-8.1-02
  authority: Fannie Mae Servicing Guide B-8.1-02 — Paying Conventional Mortgage Insurance
    Premiums
  description: Fannie Mae Servicing Guide B-8.1-02 — Paying Conventional Mortgage
    Insurance Premiums.
  coverage_tier: operative
obligations:
- id: fnma-svc-b-8.1-02-full
  canonical_id: fnma-svc-b-8.1-02-full
  section: Fannie Mae Servicing Guide B-8.1-02 — Paying Conventional Mortgage Insurance
    Premiums
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide B-8.1-02 — Paying Conventional Mortgage
      Insurance Premiums
    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-8.1-02, Paying Conventional Mortgage Insurance Premiums (05/20/2015)
      For conventional mortgage loans with borrower-purchased MI, the servicer must
      pay the renewal premium either monthly or annually as required. See B-1-01,
      Administering an Escrow Account and Paying Expenses and Published May 13, 2026
      192 F-1-05, Expense Reimbursement for additional information. Payment of the
      renewal premium for a lender-purchased MI policy is the servicer’s corporate
      responsibility and must be paid from the servicer’s own funds. The servicer
      must not deposit these funds in a Fannie Mae custodial account unless Fannie
      Mae authorizes the use of a custodial account for this purpose. After a mortgage
      loan is modiﬁed, the servicer must not include a factor in the servicing fee
      for lender-purchased MI coverage paid through annual or monthly renewal premiums,
      or allow an excess servicing fee. With the exception of a mortgage loan modiﬁed
      under the Fannie Mae HAMP modiﬁcation program, the servicer has the option of
      funding the payment of renewal premiums from its own corporate funds or from
      the borrower’s escrow account. Recent Related Announcements There are no recently
      issued Announcements related to this topic.
  judgment: false
