The Real Deal Miami

More borrowers must get mortgage insurance

July 15, 2008 11:47AM

It’s harder than ever to get a mortgage without insurance. Mortgage insurance has traditionally been required for buyers with bad credit who are unable to make a full down payment, but more insurers are lumping more consumers into this group than ever before. Industry pros say that these new standards are affecting the market, as homebuyers and owners have to jump yet another hurdle.