Mortgage Insurance Cancellation Facts

The Homeowners Protection Act (HPA) of 1998 requires that lenders and loan servicers provide disclosure information to borrowers who have FHA loans or conventional mortgages with mortgage insurance (MI). These disclosures advise borrowers of their rights when requesting to cancel or terminate MI coverage as well as what requirements must be met before cancellation or termination is approved. http://bit.ly/iY2hhg

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