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Posts tagged income requirements
Tighter M.I. Requirements Effective Today
Jul 8th
Tougher credit and income requirements become effective today on new mortgage insurance applications submitted to United Guaranty Corp.
Mortgage insurance applications submitted on or after today require a minimum credit score of 680, according to bulletin CA 2009-27 issued today by the Greensboro, N.C. based company.
Loans with scores below 680 will be ineligible for insurance.