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In the News - 23 Nov: Barry Bonds Mitt Romney Rupert Murdoch Santa Claus Pearl Harbor

Topic: Private Mortgage Insurance

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Most admires:

Bulent Ecevit

Favorite possession(s):

Credit card

Politics:

Capitalist

Currently has on their coffee table:

Better Homes & Gardens

Dream job(s):

Banker, Tax Collector

Favorite activity(s):

Paying off their mortgage

Interest(s):

Real estate, Economics

Favorite sport(s):

Paintball

Likes to wear:

Ancient Egyption, Business suits

Favorite online activity(s):

eBay Auctions

Ultimate fantasy(s):

Bankruptcy, Owning their own trailer, Getting off welfare

Worst habit(s):

Wasting money

Favorite quote(s):

"Distrust any enterprise that requires new clothes." - Henry David Thoreau (1817-1862)
"Behind every great fortune there is a crime." - Honore de Balzac (1799-1850)

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

John Fielding,
CEO

Private Mortgage insurance (PMI): Insurance written by a private company protecting the mortgage lender against financial loss occasioned by a borrower defaulting on the mortgage.
Private mortgage insurance (PMI): Insurance issued to a lender by a private company to protect the lender against loss on a defaulted mortgage loan.
PMI (Private Mortgage Insurance) Insurance written by a private company that insures repayment of the loan balance to the lender in the event of default by the borrower.

Mike Enlow,
Internet Marketer

Homeowners are required to purchase Private Mortgage Insurance or PMI at the time of property purchase or refinance if the down payment or personal equity on a residence is less than 20% of the purchase price or market value.
Private mortgage insurance (PMI) - Insurance that protects mortgage lenders against default on loans by providing a way for mortgage companies to recoup the costs of foreclosure.
Private Mortgage Insurance (PMI) is a type of insurance that protects the lender in case of default, and subsequent foreclosure on the home.

Craig Leveaux,
Blogger

What is Private Mortgage Insurance (PMI) and why would I need it?

User Talk

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