PMI

In the last month, the industry has lost 2 private mortgage insurance companies- the latest casualty came Friday. As more Private mortgage insurance companies have to pay out on defaulted loan, their capital is being used up and regulators are issuing orders that they must stop writing new policies.

FHA loans have mortgage insurance issued by HUD. VA and USDA rural housing loans have NO Private mortgage Insurance.

Call 440.452.3894 for an application or preapproval or visit 24/7 www.firstplacebank.com/lizschneider

 

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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