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MI Cancellation and Termination

MI Cancellation and Termination

Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures

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About this course

This course addresses many aspects of mortgage insurance cancellation from automatic termination to borrower initiated MI cancellation. Also included are the impact of the Homeowners Protection Act (HPA) of 1998, the CFPB Bulletin 2015-03 and Fannie Mae and Freddie Mac Guidelines using "Current Value".

Learning Objective: Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures

Recommended Prerequisites: Intro to the Mortgage Industry

Curriculum17 min

  • MI Cancellation and Termination 17 min
  • Course Completion

About this course

This course addresses many aspects of mortgage insurance cancellation from automatic termination to borrower initiated MI cancellation. Also included are the impact of the Homeowners Protection Act (HPA) of 1998, the CFPB Bulletin 2015-03 and Fannie Mae and Freddie Mac Guidelines using "Current Value".

Learning Objective: Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures

Recommended Prerequisites: Intro to the Mortgage Industry

Curriculum17 min

  • MI Cancellation and Termination 17 min
  • Course Completion