Major bank scraps LMI, flags deposits as low as $31k
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
A major bank has reportedly scrapped lender's mortgage insurance (LMI) and is considering deposits as low as $31,000. The other reports do not appear to be related to this development. It is unclear how this change will affect the banking and real estate sectors.
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