Servicing Guide

Published June 10, 2020

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

View All Servicing Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

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.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

What are the servicer's responsibilities when replacing conventional mortgage insurance policies?

The servicer must not replace existing MI policies with policies from a different mortgage insurer or with different policies from the same mortgage...

Read more

For FHA loans, what are the requirements when executing the termination or cancellation of FHA Mortgage insurance premium payments?

The servicer must execute the termination or cancellation of FHA MIP payments in accordance with applicable FHA guidelines for automatic cancellation,...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.