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Mortgage Insurance Rates Increase

August 27th, 2008 · Comments Off on Mortgage Insurance Rates Increase

Private Mortgage Insurance (PMI) is an insurance policy paid to a lender in the event that a homeowner defaults on his home loan. With the growing number of mortgage defaults nationwide, mortgage insurers are finding their balance sheets under attack and their revenues in the red. So far this year, mortgage insurers have paid out […]

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Tags: Consumer Lending · Economy · Mortgage Lending