U.S. Mortgage Insurers, Washington, D.C., released its yearly report, finding that the private MI industry provided mortgage insurance to more than 800,000 low down payment borrowers last year.
Tag: U.S. Mortgage Insurers
21 Years to Save for a Down Payment, Survey Finds
U.S. Mortgage Insurers, an association representing private mortgage insurance companies, said its annual state-by-state report on low down payment mortgage lending found saving for a 20 percent down payment could take potential homebuyers 21 years — three times the length of time it could take to save a 5 percent down payment.