Briefly describe private mortgage insurance (PMI)
PMI protects conventional lenders from losses following foreclosure. Superior students will recognize that PMI thereby makes conventional loans freely marketable in the secondary mortgage market, because buyers of insured mortgages need not concern themselves with the credit¬worthiness of the mortgagors (i.e., the debtors). PMI premiums are included in monthly payments paid by homeowners with conventional loans.
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When a new partner is admitted by making an investment of assets in the partnership and the new partner has to pay a premium for admission, a bonus is divided among the old partners' capital accounts
a. True b. False Indicate whether the statement is true or false
Explain a potential problem with overemphasizing the importance of self-esteem in those who possess unrealistically inflated appraisal.
What will be an ideal response?
Accountants use the ____________________ to overcome the deficiencies of the direct write-off method for bad debts
Fill in the blank(s) with correct word
Of the two reports, hers is ________
A) worser B) worse C) worst D) more worser