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Isn't that something regulation (of mortgages) solves way better than forever banning decrease in housing costs?
by izacus 1y ago
Isn't that something regulation (of mortgages) solves way better than forever banning decrease in housing costs?
- itake 1y agohow would that work?
- kelnos 1y agoEasy: make it illegal to require PMI in that case. Some loans will require PMI at signing (IIRC, often this will be when you put down less than 20%; you're required to carry PMI until you've paid off enough to get your principal below 80% of the purchase price), but we can certainly make clauses unenforceable that require it later under whatever conditions.