B-176780:
Nov 20, 1972
A-56 SPECIFICALLY STATES THAT THE COST OF MORTGAGE INSURANCE IS NOT A REIMBURABLE ITEM OF EXPENSE. EVEN IF THE INSURANCE WAS NOT FOR HIS PROTECTION. JR.: FURTHER REFERENCE IS MADE TO YOUR LETTER OF AUGUST 10. LEBAUBE HAS SUBMITTED EVIDENCE SHOWING THAT THE MORTGAGE INSURANCE WAS PURCHASED BY THE LENDER AND PROTECTS THE FINANCIAL INSTITUTION AGAINST LOSS FOR TAKING THE ADDITIONAL RISK IN MAKING 90...
