Identify Mortgage Insurance Requirements · Nationwide Multistate Licensing System NMLS · Flashcards

QUESTION

Identify the key condition that must be met for PMI cancellation at

80\%

LTV under the HPA.

QUESTION

What is the standard borrower-requested PMI cancellation point under the HPA for a conventional loan?

QUESTION

If a conventional loan reaches

78\%

LTV on schedule and the borrower is current, what must happen to PMI?

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