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What percentage of the bad sub prime mortgage loans that were made in the U.S. were made through Fannie Mae and Freddie Mac and what percentage of the loans were made by private companies?
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∙ 14y ago
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What companies offer the best rates for private mortgage insurance?
Companies that offer the best rates for private mortgage insurance are companies that deal in most other types of insurance. These can include companies such as Aviva, Tesco, AXA and Aegon.
How can you find out if your mortgage is insured by fannie may or Freddie mac?
FNMA & FHLMC are not insurers they buy mortgages in the secondary market. FNMA & FHLMC can "own" your mortgage but your mortgage would be insured by a "Private Mortgage Insurance" (PMI) Company.
Is private mortgage insurance available in Pennsylvania?
Yes private mortgage insurance is available in Pennsylvania. Private mortgage inusrance is available in all states you just need to look around and find a place that deals in private insurance.
Is mortgage protection insurance necessary to have?
Yes and no, mortgage protection insurance is necessary to have. According to the Private Mortgage Insurance Law lenders who put less than a 20 percent down payment on there loans are required to pay private mortgage insurance or mortgage protection insurance.
Is private mortgage insurance tax deductible?
NO
What companies offer the best rates for private mortgage insurance?
Companies that offer the best rates for private mortgage insurance are companies that deal in most other types of insurance. These can include companies such as Aviva, Tesco, AXA and Aegon.
How may private mortgage companies be said to be the main source of mortgage lending?
There were approximately 4,000 of these companies in the United States in 1996 (out of about 12,000 total organizations making mortgage loans)
How can you find out if your mortgage is insured by fannie may or Freddie mac?
FNMA & FHLMC are not insurers they buy mortgages in the secondary market. FNMA & FHLMC can "own" your mortgage but your mortgage would be insured by a "Private Mortgage Insurance" (PMI) Company.
Does the terms or the percentages change when canceling Freddie Mac private mortgage insurance on a single family home or a non owner occupied investment property?
NO.. It will not affect your mortgage interest rate.
What type of companies buy mortgage notes?
A number of companies purchase private mortgage notes. The Mortgage Buyer, Inc is one service which will purchase them after an appraisal and verification by the borrower. Brokers for mortgage notes includes Edward J Adams Mortgage Note Brokers, or the Note Marketplace website.
What percentage do I need for a down payment during a home mortgage?
The traditional downpayment that lenders require is 20 % of the purchase price of the home. It is possible to put down less, but you will then have to pay for Private Mortgage Insurance.
Is private mortgage insurance available in Pennsylvania?
Yes private mortgage insurance is available in Pennsylvania. Private mortgage inusrance is available in all states you just need to look around and find a place that deals in private insurance.
What exactly are private mortgages?
With a private mortgage, one does not borrow money from a bank. One borrows money from an individual or a business. There are risks involved with a private mortgage so one should be well prepared before getting a private mortgage.
Where can one obtain the lowest refinance rates for mortgages?
The lowest mortgage rates are offered by private lenders though they may use various government programs for the specific mortgage loan. The government does not actually make mortgage loans, though government sponsored enterprises such as Freddie Mac and Fannie Mae purchase the loans later from banks which actually make the loans.
Is mortgage protection insurance necessary to have?
Yes and no, mortgage protection insurance is necessary to have. According to the Private Mortgage Insurance Law lenders who put less than a 20 percent down payment on there loans are required to pay private mortgage insurance or mortgage protection insurance.
Is private mortgage insurance tax deductible?
NO
Are unions private companies?
No, unions are not private companies, but they are a type of economic organisation.
