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FINAL-June-Homeownership-Release-612016-1.pdf
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🔗 Source: usmi.org
📊 Size: 387 KB
👤 Author: Robert Schwartz
⬇️ Downloads: 46

Summary

Private mortgage insurance (MI) helped approximately 740,000 homeowners in 2015, an 18% increase over 2014, according to U.S. Mortgage Insurers (USMI). MI provides several consumer benefits, including savings to borrowers, help for first-time homebuyers, cancelability, tax deductibility, and protection of taxpayers from another bailout. USMI data shows that nearly 50% of loans covered by MI in 2015 were for first-time homebuyers and over 40% were borrowers with incomes below $75,000.

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Description

Private mortgage insurance (MI) helped approximately 740,000 homeowners in 2015, an 18% increase over 2014, according to U.S. Mortgage Insurers (USMI).

Technical Information

  • File Format: PDF
  • File Size: 387 KB
  • Pages: 2
  • Language: EN
  • Author: Robert Schwartz
  • Total Downloads: 46
  • Last Updated: 1 month ago

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