A mortgage file is paused during a secondary-market screen because of HPA PMI Termination. Which answer should identify which rule controls the file?
Correct Answer
C) Check payment history and property-value conditions
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Check payment history and property-value conditions".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Check payment history and property-value conditions".
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