Mortgage Insurance Reviews – From the USA Federal Government
Eliminating the need for mortgage insurance would allow homeowners to refinance their mortgages at lower interest rates even in cases where the value of a home has dropped to the point where the loan balance is higher than 80% of the value of the home. Under current rules, loan balances that high require mortgage insurance, which adds to the costs of a refinance and has acted as an obstacle to helping more people refinance.
Categories: Homeowners Insurance Tags: Director James Lockhart, Federal Housing Finance Agency, Homeowner Affordability and Stability Plan, Obama Administration, Treasury Mortgage Plan Eliminates Mortgage Insurance
Wildfires are burning insurance companies right out of the market….
Homeowners who refuse, well, insurance companies tip their hat, say "good luck" and walk away from insuring those homes. Even homes that have never had a claim are "let go."
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