PMI gains as fewer first-time homebuyers use FHA

Home / Loans / PMI gains as fewer first-time homebuyers use FHA

The share of first-time homebuyers using conventional mortgages that require private mortgage insurance, or PMI, to compensate for low down payments increased in Q2 while the use of FHA loans fell. “We’re continuing to watch the shift away from government loan programs,” said Tian Liu, Genworth’s chief economist.

Leave a Reply

Your email address will not be published.