Often,individuals Who Purchase a Home with a Down Payment of Less

question 27

Essay

Often,individuals who purchase a home with a down payment of less than 20% are required to pay a mortgage insurance premium or,as it is sometimes referred to,private mortgage insurance (PMI).What is the treatment for mortgage insurance contracts issued in 2014?

---

Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Group Work

The collaborative effort of individuals working together in a group to complete tasks, solve problems, or achieve common goals.

Asian Americans

A diverse group of Americans of Asian descent, representing various nationalities, languages, and cultures.

Ethnic Backgrounds

Ethnic backgrounds denote the cultural heritages, traditions, and histories associated with specific ethnic groups.