Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements

fnma-svc-b-8-2-01

Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements.

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  authority: Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements
  description: Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements.
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      authority: Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements
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      paragraph_quote: B-8.2-01, FHA Mortgage Insurance Coverage Requirements (05/10/2017) The servicer must maintain the FHA MI, which was in eﬀect when Fannie Mae acquired the mortgage loan, unless the conditions Fannie Mae or FHA imposes for canceling the coverage are met. See B-8.2-03, Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium for additional information. When the servicer agrees to cancel the annual FHA MIP, it must reduce the borrower’s monthly mortgage loan payment by any monthly escrow deposit that was being collected to pay the MIP. Without Fannie Mae's prior written approval, the servicer must not enter into any agreement which has the potential to modify MI loss claim settlements under the terms of the insurance contract. See Requesting Fannie Mae Approval for Agreements with Government Insurers or Guarantors in F-1-06, Filing an MI Claim for a Liquidated Mortgage Loan or Acquired Property for additional information. Recent Related Announcements There are no recently issued Announcements related to this topic.

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements

B-8.2-01, FHA Mortgage Insurance Coverage Requirements (05/10/2017) The servicer must maintain the FHA MI, which was in eﬀect when Fannie Mae acquired the mortgage loan, unless the conditions Fannie Mae or FHA imposes for canceling the coverage are met. See B-8.2-03, Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium for additional information. When the servicer agrees to cancel the annual FHA MIP, it must reduce the borrower’s monthly mortgage loan payment by any monthly escrow deposit that was being collected to pay the MIP. Without Fannie Mae's prior written approval, the servicer must not enter into any agreement which has the potential to modify MI loss claim settlements under the terms of the insurance contract. See Requesting Fannie Mae Approval for Agreements with Government Insurers or Guarantors in F-1-06, Filing an MI Claim for a Liquidated Mortgage Loan or Acquired Property for additional information. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide B-8.2-01 — FHA Mortgage Insurance Coverage Requirements

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-b-8-2-01/ · register fnma-svc-b-8-2-01 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.