Private mortgage insurance is designed to mitigate a lender’s risk on a loan. Borrowers with lower credit scores, lower down payments, and other potentially problematic issues with their loan could be required to purchase and pay PMI on their property until a certain equity threshold or payment history is established.

Kiavi Closes $400 Million Rated Securitization of Residential Transition Loans, Locking in up to $1.3 Billion of Funding Capacity
Tech-enabled lender’s fifth rated securitization was 5X oversubscribed due to significant demand...
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