PDF U.s. Department of Housing and Urban Development – Mortgagee Letter 2013-04 Subject Revision of Federal Housing administration (fha) policies concerning cancellation of the annual Mortgage Insurance Premium (MIP) and increase to the annual MIP Purpose Consistent with FHA’s ongoing efforts to strengthen the Mutual Mortgage
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Use this form to request the removal of Private Mortgage Insurance (PMI) from your mortgage. Mortgage Insurance Premiums (MIP) are part of the Federal Housing Administration (FHA) mortgage insurance program only. These cancellation rules differ from PMI. Please call us to discuss eligibility criteria if you have an FHA-insured mortgage.
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How to write a proper insurance cancellation letter – Quora – Cancellation of Insurance Policy Sample Letter. Remember to keep these tips in mind when writing your cancellation letter: In writing a cancellation letter, it is important to remember that you will need to keep a friendly tone, but at the same time, be firm in your decision in cancelling your deal.
Cancellation of Private Mortgage Insurance – Following the enactment of the Homeowners Protection Act of 1998, the FTC published a consumer alert (copy enclosed) regarding the cancellation of private mortgage insurance (PMI) in light of the federal law. home mortgage lenders often require a borrower to have PMI if he puts down less than 20% toward the purchase of the home.
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PDF Homeowners Protection Act – Homeowners Protection Act of 1998 (the Act) was signed into law on July 29, 1998, and became effective on July 29, (BPMI) or lender-paid private mortgage insurance (LPMI). 4 Cancellation and Termination of PMI for Non High Risk Residential Mortgage Transactions .
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