Finance

Latest Posts

MICA: Private MI Use Drops in November 

Jan 03, 2007By

Mortgage Insurance Companies of America (MICA) reported late last week that 103,934 borrowers used private mortgage insurance to buy or refinance a home in November. The number of borrowers using private MI in November was 15.9 percent lower than the October total of 123,626. The use of private mortgage insurance is widely expected to increase in 2007 due to new legislation, recently signed by President Bush, which will make premiums for mortgage insurance deductible starting with the 2007 tax year.

What's New?
Updated 11 months ago