Mortgage Guaranty Insurance Stocks List

Mortgage Guaranty Insurance

Mortgage Guaranty Insurance (also known as private mortgage insurance or PMI) is a type of insurance that protects lenders from the risk of default on a mortgage loan. It is typically required when a borrower has a down payment of less than 20% of the purchase price of the home. The insurance covers the lender in the event that the borrower defaults on the loan.

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