Private MIs Offer to Accept FHA Paperwork to Help Lenders Avoid Costly Delays During Shutdown
October 10, 2013
Capitalizing on the uncertainty of a government shutdown, private mortgage insurers are stepping up to provide conventional mortgage insurance on any loan with FHA documentation that could not close on time due to delays at the undermanned agency. Private MIs say they are ready to help with FHA uncertainty, urging lenders to consider switching to conventional mortgage insurance if they have any government-insured or guaranteed loan that is at risk of not closing due to the shutdown. United Guaranty said...