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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: KyrosL who wrote (71784)11/28/2007 3:43:46 PM
From: Travis_Bickle  Read Replies (1) of 116555
 
If the lender decides that the PMI is not making it whole (i.e., it is getting paid in thirty years for a loss it incurs today) will the lender be willing to pay the jacked up rates?

If you have a mortgage, you HAVE to have property insurance. But a lender is not required to accept PMI in lieu of a substantial down payment.
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