Daniel asked:
I thought any mortgage with less than 20% down will automatically be paying for PMI (primary mortgage insurance). Why has this not minimized the bank losses with recent foreclosures? Why am I paying it?
I thought any mortgage with less than 20% down will automatically be paying for PMI (primary mortgage insurance). Why has this not minimized the bank losses with recent foreclosures? Why am I paying it?
July 24th, 2007 |
Tags: Insurance, Losses, Mortgage Insurance, Pmi Insurance
Home
