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?

The MPI is

a form of private mortgage insurance.a one-time insurance premium on
FHA-insured mortgages.equal to one point on a mortgage.an abbreviation for mortgage, principal, and interest.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

The correct answer is (B).
Choice (A) is
incorrect; private mortgage insurance is
abbreviated as PMI. Choice (C) is incorrect
because the mortgage insurance premium
is not related to discount points, and the
premium as of 2010 is 2.25 percent. Choice
(D) is incorrect because MPI stands for
mortgage insurance premium.

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