Before the file moves forward, Gray must resolve an issue involving Homeowners Protection Act PMI rules. What should happen?
Correct Answer
A) Apply final termination at the midpoint when required
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Apply final termination at the midpoint when required".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Apply final termination at the midpoint when required".
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