PMI is typically required when you take out a conventional conforming mortgage and put down less than 20%. Your loan servicer must automatically drop PMI when your mortgage balance reaches 78% of ...

PMI is a tool to help borrowers finance homes with less than 20% down. PMI is not permanent. It terminates automatically after a number of payments, or you can request earlier cancellation under ...

When a buyer’s equity has reached 22% of the home’s original appraised value, the loan servicer is required to drop PMI. In ...

A reading above 50 indicates expansion in the private sector. The services sector accounted for the drop in the PMI, with manufacturing expanding for the first time in seven months on hopes of ...