1. Eleven days ago, the second largest lender, the Abbey National, stopped selling mortgage protection insurance to its existing borrowers. 2. It is difficult for existing borrowers to get mortgage protection insurance. 3. Mortgage savings Homeowners could save the money they pay for unnecessary private mortgage insurance under legislation passed by the Senate Banking Committee. 4. Some have gone even further and are offering free mortgage protection insurance for new borrowers. 5. To have your mortgage insurance canceled, you must prove you meet criteria designed to show you are not likely to default. 6. The society also requires clients to take out its mortgage protection insurance. 7. Although Martinez said he supports giving the FHA more flexibility, he stopped short of endorsing increasing mortgage insurance for builders. 8. Another area where consumers might save money on their mortgage payments is related to private mortgage insurance. 9. Argentina is planning to introduce a system of mortgage insurance that will let home buyers borrow more, increasing demand for residential real estate. 10. Backers of the proposal say it will save U.S. homeowners from paying millions of dollars in unnecessary private mortgage insurance every year. |