Real estate blog entries tagged with mortgage by Bryan Pearl Huntsville Alabama Real Estate (Pearl Real Estate Marketing)

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Home : Blogs : Bryan Pearl Huntsville Alabama Real Estate : Bryan Pearl Huntsville Alabama Real Estate's Blog : Tag "mortgage"

mortgage: A big question about the mortgage bailout - 10/25/08 09:29 PM

From what I understand the mortgage problems were created by the subprime mortgages. Maybe one of our Active Rain mortgage specialists can answer a question for me.
I don't understand all the details of the subprime mortgages but I know there are a lot of foreclosures for differing reasons. In many cases people could get 100% and greater in their loans. In addition could get assistance with closing costs. Did these people not have to pay for PMI (private mortgage insurance in their monthly payment?
1st QuestionIf they have to pay PMI what happened to that insurance covering the default? PMI … (3 comments)

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Bryan Pearl Huntsville Alabama Real Estate

Huntsville, AL

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