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If the borrower is refinancing with a different servicer, does Fannie Mae allow the MI company to charge a modification fee to transfer the MI certificate?

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If the borrower is refinancing with a different servicer, does Fannie Mae allow the MI company to charge a modification fee to transfer the MI certificate?

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Fannie Mae does not object to an MI company charging a reasonable fee to transfer the certificate, and will allow such cost to be rolled into the unpaid balance of the new loan as a closing cost as long as the loan will still comply with Fannie Mae’s and the MI company’s guidelines.

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