761 CMR, § 20.04
Under the Servicing Agreement and the Loan Participation Agreement, Seller or Servicer is obligated to satisfy and comply with all requirements of the FHA, VA or private mortgage insurance with respect to Mortgage Loans serviced for MHMFA and in which MHMFA purchases a Loan Participation. Elsewhere in this Operations Manual, reference to FHA, VA and private mortgage insurance requirements is made and some guidance is given as to the nature of the requirements. However, it is Seller or Servicer's responsibility to see that all applicable FHA, VA or private mortgage insurance requirements are satisfied, so that the full benefit of the FHA insurance, VA guaranty or private insurance shall inure to MHMFA and Seller, as their interest appear.
761 CMR, § 20.04