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Mortgage Professor about private mortgage: | |||||||||||||||||||||||
Fannie Mae Under the Gun
17 January 2005 The Accounting Scandal at Fannie Mae "The media has been full of stories recently about accounting scandals at Fannie Mae?Is this another Enron? What does it mean to John Q. Public?" It is an accounting scandal, and heads have rolled as a result, but it is not ... more... Canceling Private Mortgage Insurance (1) November 6, 2000 "Is it true that if my house appreciates to where I have 20% equity, I can have my mortgage insurance cancelled?" "My lender refuses to cancel my mortgage insurance because [Fill in the blank with any of a dozen reasons]. Is this legitimate ... more... |
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private mortgage related definitions |
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Private Mortgage Insurance, PMI
Private Mortgage Insurance, PMI Loans with an LTV over 80% may require Private Mortgage Insurance (in some cases 75% or 70% when refinancing). If you do not have a 20 percent down payment, lenders will allow a smaller down payment. With the smaller down payment loans, however ... more... Mortgage Broker Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... |
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More about private mortgage California Mortgage Brokers The Evils of Private Mortgage Insurance (PMI) California Mortgage Loans Private Mortgage Insurance Your Rights and Responsibilities Private Lenders Can Get You the Mortgage Terms You Want Bad Credit? No Credit? No Money? No Problem! What to Know About Refinancing - Eliminate Private Mortgage Insurance 100% Mortgage Financing A Way to Avoid Private Mortgage Insurance Buying A Home With No Money Down or Bad Credit - PMI Can Make It Easier Ending Your Private Mortgage Insurance Early
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