This article has been prepared by Garth Turner as an independant commentator and not as an employee of The Toronto-Dominion Bank (”Bank”). Mr. Turner’s comments and opinions do not necessarily reflect those of the Bank. The information and suggestions contained in this article are intended to be of a general nature only and you should [...]
Native American Homeownership: Only one-third of the Native American population are homeowners. HUD and the MBA have partnered to increase mortgages on tribal lands. Their goal, set at 1,000 new mortgages to Native Americans over a three-year period, doesn’t sound like much until compared to last year’s production for HUD’s [...]
New PMI Regulations: The Homeowner’s Protection Act, passed by Congress last year, requires that mortgage companies tell you when you no longer have to pay private mortgage insurance (PMI). PMI is paid by the borrower to protect the lender against losses associated with default. It is associated with low downpayment loans [...]