AgentMortgage

Struggling borrowers get fresh start under new plan

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

(This is Part 5 of a five-part series. Read Part 1, "Lenders wise to beef up default-risk reserves"; Part 2, "Borrowers, insurers would save with new mortgage insurance"; Part 3, "Mortgage insurance cheaper under new plan"; and Part 4, "Help from feds not a bailout.")

This series of articles introduced a new type of mortgage insurance called mortgage payment insurance, or MPI. Under MPI, insurers guarantee timely receipt of the mortgage payments after the borrower defaults, as well a...