NLIC.org

Luis Said:

What is the difference between an insurance underwriter & mortgage underwriter?

We Answered:

The tasks are completely different because the products are completely different, so the procedures must be different.

These days, there's more call for insurance underwriters, because the housing sales market has fallen. Additionally, since Obama is talking about making it illegal for banks to foreclose, the natural result of that, is that they'll flat out stop making mortgages, as no one will have ANY incentive to pay their mortgage!! And the housing market will further fall.

www.salary.com for average salaries.

Dawn Said:

Mortgage Insurance Question?

We Answered:

The previous answers about what private MI is, are helpful and accurate.

It doesn't have anything to do with how strong your credit profile is is put in place to protect the lender (Wells Fargo in this case).

The MI companies have combined to post a website to answer questions about MI and more importantly the process of removing MI from your loan. You should go onto it and read all about the process and the actual MI itself.

I would recommend it for anyone looking. Again, since it is funded by the MI companies and not an outside company -- you can believe that the information is approved by them.

www.PrivateMI.com

Norma Said:

Prime rate for Corporate America is down by over 5%, but the mortgage rates went down a fraction of that. Why?

We Answered:

prime rate is an extremely short term loan and a completely different kind of loan than a home mortgage that may last 30 years. I have been in real estate since 1978 and have seen prime rate go up and at the same time the mortgage rate go down. They are not closely related at all.