source:
  type: guide
  id: fnma-svc-b-8.1-03
  authority: Fannie Mae Servicing Guide B-8.1-03 — Replacing Conventional Mortgage
    Insurance Policies
  description: Fannie Mae Servicing Guide B-8.1-03 — Replacing Conventional Mortgage
    Insurance Policies.
  coverage_tier: operative
obligations:
- id: fnma-svc-b-8.1-03-full
  canonical_id: fnma-svc-b-8.1-03-full
  section: Fannie Mae Servicing Guide B-8.1-03 — Replacing Conventional Mortgage Insurance
    Policies
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide B-8.1-03 — Replacing Conventional Mortgage
      Insurance Policies
    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-8.1-03, Replacing Conventional Mortgage Insurance Policies
      (11/12/2014) The servicer must not replace existing MI policies with policies
      from a diﬀerent mortgage insurer or with diﬀerent policies from the same mortgage
      insurer, unless the circumstances of the borrower, the property, or the mortgage
      loan have changed in a way that warrants a change in the MI coverage. See Approved
      Mortgage Insurers and Related Identiﬁers for the list of acceptable conventional
      mortgage insurers and the associated MI codes. Fannie Mae will advise the servicer
      in the case where the servicer would otherwise seek to replace a MI policy where
      the existing mortgage insurer stops issuing renewal policies or when Fannie
      Mae removes an insurer from its list of approved mortgage insurers. Recent Related
      Announcements There are no recently issued Announcements related to this topic.
      Published May 13, 2026 193
  judgment: false
