PMI companies write insurance policies to protect approximately the top 20% of the mortgage against default. This depends on the lender's and investor's requirements, the loan-to-value ratio, and the type of loan program involved. Should a default occur the lender will sell the property to liquidate the debt, and is reimbursed by the PMI company for any remaining amount up to the policy value.
The MABA PAC is one of the most influential Latino organizations in California and is comprised of members that are attorneys, civic leaders and business people from diverse ethnic backgrounds.
3250 Wilshire Blvd. Suite #1900
Los Angeles, CA 90010
Phone: (424) 292-5400