Report Importance of Private Helping Low Down Payment Borrowers Qualify All 50 States
U.S. Mortgage Insurers, the association representing five of the top six private mortgage insurance (MI) companies in the United States, today released a report on the role of MI in all 50 states and the District of Columbia. The report finds that nearly 30 million homeowners have been served by MI for more than 60 years, and breaks down on a state-by-state basis low down payment mortgage lending. The report underscores the historic importance of MI, how MI has helped promote home buying in the U.S., and the significant protection against undue mortgage credit risk that MI provides to American taxpayers and the federal government.
Source: Cision PR Newswire