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I don't think lenders have any ability to retroactively require PMI; certainly no mortgage I've ever signed permitted this.
by russell_h 1y ago
I don't think lenders have any ability to retroactively require PMI; certainly no mortgage I've ever signed permitted this.
- bombcar 1y agoCorrect - though the dirty secret is some percentage of the economy is run on rolling loans against house equity, and prices stagnating or dropping would slow that down.