Who is PMI Mortgage Insurance Company?
PMI Mortgage Insurance Company is a mortgage insurance company. When a mortgage lender requires mortgage insurance on a home loan, the premiums for the mortgage insurance are typically paid for by the borrower and are collected as part of the borrower’s mortgage payment or by charging the consumer a higher interest rate. If you received a Class Settlement Notice, it is because you paid for the Defendant’s mortgage insurance premiums which were collected as part of your mortgage payment.
