CRT-Eligible Profile Summary

Comparing MI Options Key Feature Buyer of MI MI Premium Paid By Can borrower lower mortgage payment through MI cancellation? BPMI Lender Borrower Yes LPMI Lender Lender No MI Cancellation Provision Length / Term of Coverage Policy Origination Guidelines Loan Quality Reviews Claim Filing ■ Must be automatically canceled, e.g., when LTV ratio scheduled to reach 78% May be canceled by borrower based upon paydown of loan or property appreciation Terminates upon cancellation (see MI cancellation provisions above) Approved MI companies, selected by borrower/lender Fannie Mae and MI guidelines Fannie Mae and MI guidelines Fannie Mae files claims None coverage exists for life of loan - Life of Loan Approved MI Companies, selected by lender Fannie Mae and MI guidelines Fannie Mae and MI guidelines Fannie Mae files claims 57 © 2024 Fannie Mae

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