Property Insurance Requirements for Mortgage Loans

FNMA

https://www.fanniemae.com/content/guide/servicing/b/2/02.html Determining Minimum Coverage Amounts Coverage must equal the lesser of 100% of the insurable value of the improvements, as established by the property insurer; or the UPB of the mortgage loan (or, if the mortgage loan is a second lien mortgage loan, the combined UPB of the first lien and second lien mortgage loans), […]

Determining Property Insurance Coverage Amounts

FNMA

https://www.fanniemae.com/content/guide/servicing/f/1/02.html Determining Property Insurance Coverage Amounts The servicer must ensure that the property insurance coverage amount meets the requirements in Determining Minimum Coverage Amounts in B-2-02, Property Insurance Requirements for Mortgage Loans Secured by a One- to Four-Unit Property. The following table outlines the actions that the servicer must take to determine whether the insurance […]