Talk Data to Me: PMI 2.0 with Susan Shaffer
In this episode of Talk Data to Me, recorded at ICE Mortgage Technology Experience 23, we discuss everything you need to know about Private Mortgage Insurance (PMI).
Whether you are a homebuyer wondering about the ins and outs of PMI or a mortgage professional looking to better educate your borrowers, this episode is for you! Many people have misconceptions about PMI, but in this episode, we will define PMI and debunk the myths surrounding it. We'll also dive into PMI pricing, what factors affect its cost, and the impact of credit on PMI.
Throughout our conversation with Susan Shaffer, VP, National Account Manager at National MI, we’ll also examine the latest changes made by Fannie Mae & Freddie Mac to Loan Level Pricing Adjustments (LLPA) and its effect on PMI. Finally, we uncover how MI influences loan quality and a loan’s resale on the secondary market.
Listen to our previous episode on credit refreshes and LLPAs.
Check out the 2023 NextGen Women’s Homebuyers Report from National MI and Kristen Messerli.