Moving forward, he believes that private mortgage insurance is capable of making prudently underwritten mortgages accessible for low downpayment and first- time homebuyers.
What does PMI stand for?
PMI stands for Private Mortgage Insurance
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PMI
We have 298 other meanings of PMI in our Acronym Attic
- Preventive Maintenance Instructions
- Primary Marksmanship Instruction (US Army)
- Primary Metals, Inc. (various locations)
- Principal Mortgage Insurance (housing)
- Principle Maintenance Inspector
- Principle of Mathematical Induction
- Prior Mutual Information
- Priority Mail International (USPS)
- Private Medical Information
- Private Medical Insurance (various companies)
- Privatized Military Industry
- Privileged Management Infrastructure
- Process Manager Infrastructure
- Processor Maintenance Interface (Tandem)
- Product Manufacturing Information
- Production Manager Index
- Production Modernization Initiative
- Program Management Integration
- Programming Modeling Interface (IBM)
- Progressive Medical, Inc. (Ohio)
Samples in periodicals archive:
Fannie Mae and Freddie Mac are required by their charters to purchase private mortgage insurance or one of two other seldom-used forms of credit enhancement on all loans with a loan-to-value ratio above 80%, Zimmerman said.
Titled "MIs: After the Losses, a Second Chance," the article relived the sobering details of the 1980s, a decade in which the nation's private mortgage insurance industry shrank from 14 to seven companies and paid nearly $7 billion in claims.
The new interfaces enable mortgage originators to secure private mortgage insurance faster, easier and more accurately.
Byline: Jim Abrams Associated Press The House approved a bill Tuesday to automatically cancel private mortgage insurance when it is no longer needed, a move that could save many homeowners hundreds of dollars a year.
Second, lenders often share their credit risk on a loan with either a private mortgage insurance company or a government agency.
The rating reflects Radian's strong competitive positioning within the private mortgage insurance marketplace, business diversification, moderate financial leverage and strong fixed charge coverage.
3 /PRNewswire/ -- The private mortgage insurance industry today launched two Web sites that provide comprehensive, easy-to- understand information about private mortgage insurance (PrivateMI) and how it compares with other home financing options.