Another View: Rewriting History in the Mortgage Crisis

The New York Times, DealBook

PUBLISHED ON: July 29, 2009

Since things are tough all over, some businesses are turning to innovative ideas to shore up their bottom lines. One of the most innovative is the mortgage insurance industry’s effort to deal with the liabilities they face today because of past sales of private mortgage insurance, or PMI, policies.

PMI is the insurance that mortgage lenders purchase, or cause their customers to purchase, when the home buyer cannot make a down payment of 20 percent. It typically protects the lender in the event of default.

Read the full article: Another View: Rewriting History in the Mortgage Crisis

Related People

Insurance Recovery Attorney | Anderson Kill LLP
Rhonda D. Orin
Managing Shareholder (Branch)
Washington, DC
Insurance Recovery Attorney in Pennsylvania | Anderson Kill P.C.
Pamela D. Hans
Managing Shareholder (Branch)
New York | Philadelphia

Related Practice Areas

Related Publications