Why Isn’t the Govt Helping Mortgage Insurers?
Posted by: in Mortgage Loans News, tags: Brink, Capitol Hill, Downpayment, Excerpt, Insurance, Insurance Industry, Lawmaker, Lawmakers, Lenders, Mortgage Industry, Mortgage Insurance, Mortgage Insurers, Mortgage Mi, Mortgage News, News Sources, Related IndustriesNews Sources wrote an interesting post today on
Here’s a quick excerpt
Why hasn’t Washington offered any aid to help the beleaguered mortgage insurance (MI) industry? Lawmakers have thrown a bone to nearly every other sector of the housing and mortgage-related industries, but not to mortgage insurers. Especially at a time when credit requirements are so stringent and when most lenders are requiring a maximum downpayment, has not one lawmaker on Capitol Hill even considered propping up this industry that’s on the brink? Note: MI policies help make low-downpa
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