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More Tax Relief for Homeowners: PMI and Insolvency

banks.com — Efforts to fix the economy and prop up the mortgage industry continue with tax relief efforts for homeowners.

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  • SohoPro, on 02/07/2008, -0/+2I think PMI will be another casualty of the housing and economic decline. It was just another way for banks and insurance companies to fleece the consumer anyway.
  • MMarquit, on 02/07/2008, -0/+1Interesting thought. I agree that it is probably unnecessary. If you have good enough credit, and a good enough income to get the loan, PMI really isn't necessary. And if you are questionable in your ability to pay, you shouldn't have the loan in the first place.

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