Comment by russell_h
6 days ago
I don't think lenders have any ability to retroactively require PMI; certainly no mortgage I've ever signed permitted this.
6 days ago
I don't think lenders have any ability to retroactively require PMI; certainly no mortgage I've ever signed permitted this.
Correct - 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.