Servicing Guide

Published November 10, 2020

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What actions must be taken once the servicer agree to cancel the annual FHA mortgage insurance premium?

Yes, 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.

For more information please see: B-8.2-01, FHA Mortgage Insurance Coverage Requirements.

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Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

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