Fannie Mae LL-2026-07: Servicers may contact borrowers about ending mortgage insurance based on current property value

Applies to: MPF Xtra loans with mortgage insurance, where servicers may now reach out to borrowers who could qualify to end MI based on current property value.

What to review: Nothing in this record is mandatory: starting immediately, servicers of MPF Xtra loans with mortgage insurance may contact borrowers who might meet the LTV requirements for ending MI based on current property value and explain what actions and documents a request needs, and they must still send Form SG-343 to the MPF Provider every time MI is cancelled or terminated. AWACS interpretation

Applies to: Conventional loans serviced for Fannie Mae with mortgage insurance that may be close to or have reached the LTV requirements for termination based on current property value.

What to review: No change is mandatory, so first review Servicing Guide B-8.1-04 to decide whether to use the option, effective immediately, to proactively solicit borrowers on conventional loans serviced for Fannie Mae whose loans may be close to or have reached the LTV requirements for MI termination based on current value, and to notify them of the actions required. AWACS interpretation