As federal agencies look for ways to improve housing affordability, the MBA is calling for a reduction in mortgage insurance ...

Private mortgage insurance, or PMI, can help you buy a home ... leaving you with a lower monthly house payment," says Tim Lucas, lead analyst at MortgageResearch.com. Depending on the PMI premium ...

But these low down payments come with a cost: Mortgage insurance. Mortgage insurance is designed to protect the lender if you fail to make payments — and it adds costs to your monthly payment ...

there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a third-party insurance company, is designed to protect the lender if you’re unable ...