Mortgage News

NZF moves from LMI to LEM

Tuesday 11th of August 2009

If there were no difference in cost to the borrower, this looks like a "six of one, half a dozen of the other" proposition which would make little practical difference.

NZF chief operating officer Adrienne Smith says comparing costs of the new LEM system, under which all borrowers pay the same, with the LMI premiums formerly charged is far from simple.

"LMI premiums vary widely, d...

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