On July 18, 2018 FNMA published Lender Letter LL-2018-03, which provides for revisions to FNMA’s requirements concerning PMI termination, as currently found in FNMA 2018 Servicing Guide B-8.1-04 and F-1-02 (see https://www.fanniemae.com/singlefamily/news). Servicers are required to implement these changes by March 1, 2019, but may optionally begin complying with these changes on January 1, 2019.
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).