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

Topic: Lender to have their Private Mortgage

Vital Stats

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

Most admires:

Bulent Ecevit

Favorite website(s):

E*TRADE

Favorite possession(s):

Credit card

Politics:

Capitalist

Currently has on their coffee table:

Better Homes & Gardens

Dream job(s):

Banker, Tax Collector

Favorite TV show(s):

Live! With Regis and Kelly

Favorite activity(s):

Paying off their mortgage

Interest(s):

Real estate, Economics

Favorite sport(s):

Paintball

Likes to wear:

Business suits, Ancient Egyption

Ultimate fantasy(s):

Bankruptcy, Owning their own trailer

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 or PMI Insurance - Insurance issued to a lender to protect it against loss on a defaulted mortgage loan.
Lenders are required to remove PMI (private mortgage insurance) on conventional loans when the secured property has 20% to 25% equity and the borrower requests for the removal.
Private mortgage insurance (PMI) is an insurance written by a private company that protects the lender from losses in the event the borrower defaults on the mortgage.

Mike Enlow,
Internet Marketer

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 financial guarantee that insures the lender against loss if a borrower should default on a mortgage.
Private Mortgage Insurance is insurance required by mortgage lenders for their benefit, not yours.

User Talk

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