Mortgage Company will not remove MIP InsuranceCan anyone clarify this for me. My LTV is less than 78% and I have owned the Condo for almost 10 years. The mortgage company still will not remove the MIP payment This is what I have received in the mail:"Private mortgage insurance protects the FHA program in cases of default and is a requirement for FHA loans. Because your loan was insurable, FHA made the loan with less stringent underwriting requirements and in some cases a lower down payment, compared to uninsured loans. Because of these circumstances, mortgage insurance is required until 06/01/32."I couldn't find any info about this, would this be correct?Thanks June 21 2011 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.