- GoldenHas donated $ to the upkeep of GPL
IMO, the banks used the housing crisis to justify mortgage insurance.
That statement couldn’t be more wrong. I bought my first house in 1995 – well before the housing bubble/collapse. If I hadn’t borrowed on a VA loan, I would have been required to purchase PMI. My brother and his wife bought their first house in ’94, and they were required to purchase PMI, because they couldn’t afford to pay 20% down.