This will allow home owners to refi if they are current and get insurance from companies like MTG. This will increase revenues and it is backed by the government.http://finance.yahoo.com/loans/article/113695/home-lending-revamp-planned-wsj?mod=loans-home&sec=topStories&pos=3&asset=&ccode=
Should take alot of pressure off the mortgage insurers. Seems to me there can be no housing recovery without gov't intervention to shore-up ref-fi's and avoid further foreclosures thus benefiting PMI's.
interesting. thanks for the article.