Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium

fnma-svc-b-8-2-03

Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium.

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  authority: Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium
  description: Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium.
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      authority: Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium
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      paragraph_quote: B-8.2-03, Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium (11/12/2014) The servicer must execute the termination or cancellation of FHA MIP payments in accordance with applicable FHA guidelines for automatic cancellation, borrower-initiated cancellation based on a partial prepayment, or borrower-initiated cancellation based on current value of the property. Upon receipt of a borrower’s written request to cancel the FHA MIP based on the current value of the property, the servicer must evaluate the request in accordance with Fannie Mae’s provisions to terminate conventional MI based on the current value of the property, as described in Borrower-Initiated Termination of Conventional Mortgage Insurance Based on Current Value of the Property in B-8.1-04, Termination of Conventional Mortgage Insurance. The servicer must not cancel FHA MI for any FHA-insured mortgage loan in an MBS or other Fannie Mae-issued mortgage security pool. The following table outlines the servicer’s responsibilities if the criteria for canceling FHA MIP are satisﬁed. ✓ The servicer must... Notify FHA to cancel the FHA MIP. Published May 13, 2026 203 ✓ The servicer must... Notify Fannie Mae of the cancellation in accordance with Reporting Discontinuance of Mortgage Insurance in the Investor Reporting Manual for detailed reporting requirements. Retain supporting documentation in the mortgage loan servicing ﬁle. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 13, 2026 204 Part C, Mortgage Loan Payment Processing, Remitting, Accounting, and Reporting Introduction This part contains information on mortgage loan payment processing, remitting, accounting and reporting. Published May 13, 2026 205 Chapter C-1, Processing Mortgage Loan Payments Introduction This chapter contains information on processing mortgage loan payments. Section C-1.1, Processing Scheduled Mortgage Loan Payments

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Fannie Mae Servicing Guide B-8.2-03 — Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium

B-8.2-03, Termination or Cancellation of FHA Mortgage Insurance and FHA Mortgage Insurance Premium (11/12/2014) The servicer must execute the termination or cancellation of FHA MIP payments in accordance with applicable FHA guidelines for automatic cancellation, borrower-initiated cancellation based on a partial prepayment, or borrower-initiated cancellation based on current value of the property. Upon receipt of a borrower’s written request to cancel the FHA MIP based on the current value of the property, the servicer must evaluate the request in accordance with Fannie Mae’s provisions to terminate conventional MI based on the current value of the property, as described in Borrower-Initiated Termination of Conventional Mortgage Insurance Based on Current Value of the Property in B-8.1-04, Termination of Conventional Mortgage Insurance. The servicer must not cancel FHA MI for any FHA-insured mortgage loan in an MBS or other Fannie Mae-issued mortgage security pool. The following table outlines the servicer’s responsibilities if the criteria for canceling FHA MIP are satisﬁed. ✓ The servicer must... Notify FHA to cancel the FHA MIP. Published May 13, 2026 203 ✓ The servicer must... Notify Fannie Mae of the cancellation in accordance with Reporting Discontinuance of Mortgage Insurance in the Investor Reporting Manual for detailed reporting requirements. Retain supporting documentation in the mortgage loan servicing ﬁle. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 13, 2026 204 Part C, Mortgage Loan Payment Processing, Remitting, Accounting, and Reporting Introduction This part contains information on mortgage loan payment processing, remitting, accounting and reporting. Published May 13, 2026 205 Chapter C-1, Processing Mortgage Loan Payments Introduction This chapter contains information on processing mortgage loan payments. Section C-1.1, Processing Scheduled Mortgage Loan Payments

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