FNMA Servicing Guide B-8 — Mortgage Insurance

fnma-svc-b-8

Servicing Guide Chapter B-8 establishes MI servicing responsibilities including HPA-1998 compliance and 30-day MI-event reporting.

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source:
  type: regulation
  id: fnma-svc-b-8
  authority: FNMA Servicing Guide B-8 — Mortgage Insurance
  description: |
    Servicing Guide Chapter B-8 establishes MI servicing responsibilities including HPA-1998 compliance and 30-day MI-event reporting.
obligations:
  - id: fnma-svc-b-8-hpa-compliance
    canonical_id: fnma-svc-b-8-hpa-compliance
    section: FNMA Servicing Guide B-8.1-01 — Conventional Mortgage Insurance Servicer Responsibilities
    description: |
      [LENDER] must comply with all requirements under the Homeowners
      Protection Act of 1998 or other applicable law in the servicing of MI
      on conventional Fannie Mae mortgage loans (borrower-requested and
      automatic MI cancellation, final termination, escrow refund and notice
      requirements).
    type: do
    audit_question: For every conventional Fannie Mae mortgage loan with MI, can [LENDER] evidence compliance with the Homeowners Protection Act of 1998 and any other applicable law governing MI cancellation, termination, and borrower notices?
    program_review: Does the program ensure HPA (and other applicable-law) compliance in servicing conventional MI — borrower-requested and automatic cancellation, final termination, escrow refund, and notice requirements?
    file_review: Sample conventional MI loans; confirm HPA cancellation/termination/notice handling.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - mortgage-insurance
      - hpa-1998
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-8.1-01
      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: Comply with all requirements under the Homeowners Protection Act of 1998 or other applicable
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-8) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:10+00:00'
    promoted_from: fnma-svc-b-8-roundb-v1.yaml
  - id: fnma-svc-b-8-mi-rescission-reporting-30-day
    canonical_id: fnma-svc-b-8-mi-rescission-reporting-30-day
    section: FNMA Servicing Guide B-8.1-01 — Conventional Mortgage Insurance Servicer Responsibilities
    description: |
      [LENDER] must 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.
    type: do
    audit_question: For every MI rescission, insurer-initiated cancellation, or claim denial received from an MI company on a Fannie Mae mortgage loan, can [LENDER] evidence reporting to Fannie Mae within 30 days of notification?
    program_review: Does the program ensure MI rescissions, insurer-initiated cancellations, and claim denials are reported to Fannie Mae within 30 days of notification of the MI company's determination?
    file_review: For MI rescission/cancellation/denial events, confirm reporting to Fannie Mae within 30 days of notification.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: per-event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - mortgage-insurance
      - rescission-reporting
      - 30-day
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-8.1-01
      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: Report rescissions, mortgage insurer-initiated cancellations, and claim denials to Fannie Mae no
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-8) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:10+00:00'
    promoted_from: fnma-svc-b-8-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T00:25:10+00:00'
    candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-b-8-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide B-8 — Mortgage Insurance — 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.

FNMA Servicing Guide B-8.1-01 — Conventional Mortgage Insurance Servicer Responsibilities

Comply with all requirements under the Homeowners Protection Act of 1998 or other applicable

Source: FNMA Servicing Guide B-8.1-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide B-8.1-01 — Conventional Mortgage Insurance Servicer Responsibilities

Report rescissions, mortgage insurer-initiated cancellations, and claim denials to Fannie Mae no

Source: FNMA Servicing Guide B-8.1-01 · source URL · snapshot cf63a82bbb4adfba