PMI toughens up refinancing criteria.

[feihong]

To all the gurus/experts:

From what I heard, PMI now has a policy stating that refinancing is not allowed within the 12 month from the last refinance/loan application. Is this true? I also heard that Gemworth will not accept any client who has been rejected by PMI previously.

 

[Rolf Latham]

Hiya

PMI have become a bit tougher, but there I am not aware of a blanket window of 12 mths between top ups.

The Genworth thing ...........
Genworth and PMI are different companies with very different profiles, thus I suspect thats a red herring

ta
rolf