The domestic home loans market has been growing at a breathtaking pace over the last couple of years. And with the growth, banks have also been facing higher levels of bad loans. Mortgage guarantee is a critical component in a residential mortgage financing. It protects mortgage lenders from credit losses and also helps individuals to buy homes with low down payments.
The impact
Apart from helping lenders and borrowers, mortgage insurance companies are expected to greatly benefit the largely neglected section of borrowers
