Posted By: mtngrrl
Require escrow for hazard if PMI? - 09/19/12 10:10 PM
If a loan has PMI on it, is there any requirement that we also escrow their hazard insurance? I have a lender who swears she was told this was a regulatory requirement, but I have not been able to locate any such requirement. I'm suspecting it was an internal requirement. Anyone know differently?