Feb 27th 2013 11:30AM
By Scott Sheldon Mortgage insurance is the dreaded premium on a mortgage payment that consumers hate, and for good reason. It makes the cost of homeownership rise over time, benefiting one group: the investor that owns the loan. Mortgage insurance, also known as private mortgage insurance, or PMI, is an integral part of... Continue Reading »
Feb 28th 2012 10:50AM
By Jon Prior The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75 percent from 1 percent of the base home loan amount. This will apply regardless of the term or... Continue Reading »
Sep 8th 2011 8:00AM
Andy Buman, 29, got interested in real estate a few years ago while working in construction. Since then, he has purchased two bank-owned single-family homes near Omaha, Neb., as rentals, and last fall bought a primary residence for himself and his fiancée, Valerie (both pictured at left). He has managed to save... Continue Reading »
Jan 18th 2011 11:40AM
Why are Canada's homeowners less likely to face foreclosure? Fewer than 1 percent of Canadian mortgages are in arrears, compared to the 2.9 million homeowners that received foreclosure notices in the U.S. in 2010. You might think it's because there are a lot fewer Canadians, and you'd be right on that score. Canada's... Continue Reading »
Oct 4th 2010 3:46PM
FHA annual mortgage insurance premiums will match those of private mortgage insurance companies starting today for all new FHA loans. The annual premium will rise from 0.55 percent to 0.9 percent, which is the same as most private mortgage insurance for loans between 95 percent and 97 percent down. The good news is that... Continue Reading »
