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National MI provides rescission relief after 12 months

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National MI SafeGuard provides rescission relief for eligible loans after 12 months of timely payments made by the borrower, which is two years sooner than the industry standard of 36 months.

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National MI SafeGuardSM, the company’s signature product, will provide lenders with rescission relief after 12 months, which the company believes will give lenders greater assurance their claims.

DISCLAIMER: The Oh Law Firm and its Lawyers are not responsible for reliance by the reader on this information as each individual situation may be unique and different.

Inc. (NASDAQ:NMIH), announces that it has granted 12-month rescission relief on 100,000 loans as of the first quarter 2018. National MI SafeGuard provides rescission relief for eligible loans after 12 months of timely payments made by the borrower, which is two years sooner than the industry standard of 36 months.

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* Previously, National MI was the only MI company to offer rescission relief after 18 months, this period has been condensed to 12 months. Please refer to National MI’s Underwriting Guideline Manual and Master Policy for a complete description of policies and requirements.

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