Real estate blog entries tagged with mortgage insurance by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "mortgage insurance"

mortgage insurance: FHA MIP vs Conventional PMI - 04/30/11 01:22 PM

FHA recently raised the monthly MIP (mortgage insurance premium) on 30 year loans to 1.15% if you put less than 5% down and 1.1% if you more than 5% down. This is quite a dramatic change, as it was only a few years ago that it was .5%. With the cost of mortgage insurance increasing, it might now be time to look at a conventional loan and the advantages of putting a little more down payment so that you can benefit from a lower private monthly mortgage insurance. The private MI companies have come up with a comparison example. Take a look:
http://www.homesminneapolis.net/insured-conventional-loan-vs-fha-which-is-better/
… (0 comments)

mortgage insurance: PMI Company's ARE Imploding-IF You Need 100% Financing-DO IT NOW-RULES HAVE CHANGED - 02/13/08 05:48 PM

Minneapolis Area Mortgage Broker-Venture Development-Edina Minnesota
Unless you are in the mortgage industry, you probably haven't heard about the Mortgage Insurance Industry is experiencing HUGE losses. Public company MGIC Investment Corp-symbol MTG just announced today that they lost 1.5 BILLION DOLLARS LAST QUARTER ALONE. PMI Group-symbol PMI and Radian Group Inc-RDN might be next. They haven't announced their earnings yet. Since they are all in the same business it might be a logical inference to assume they will be announcing less than positive news.
What PMI did do this week is send out a letter to mortgage broker clients like myself with a guideline change effective … (0 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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