PMI
Certifies project professionals
PMI stands for Purchasing Managers' Index, an economic indicator measuring business conditions in manufacturing and services sectors.
A reading above 50 signals expansion, below 50 signals contraction: The PMI fell to 48, suggesting the economy is slowing.
PMI also stands for private mortgage insurance, required when a homebuyer puts down less than 20 percent: Once you reach 20 percent equity, you can cancel your PMI.
Lender-protecting coverage for risky loans
- down paymentInitial sum toward purchase
- conventional loanNon-government-insured home financing
- homebuyerOne purchasing residential property
- equityImpartial treatment or ownership value
loan-to-value · LTV · cancellation · refinance · monthly premium · Fannie Mae · Freddie Mac · mortgage default
Attestation of qualification
- methodologyFormal procedural framework
- professional developmentOngoing workplace learning activities
- credentialProof of qualification
- project managerOne who oversees organized work
portfolio · program management · stakeholder · risk management · scope · schedule · budget · waterfall
Product delivery infrastructure
- productionMaking or generating something
- inventoryCatalog of held assets
- employmentPaid occupation status
- economic indicatorStatistic measuring market health
manufacturing sector · expansion · contraction · industrial output · procurement · lead times · backlogs · exports
Shared between parties
- informationKnowledge about something
- correlationStatistical relationship measure
- associationGroup with shared aim
- co-occurrenceJoint presence in context
probability · NLP · collocations · contingency · bigrams · information theory · text mining
private mortgage insurance
Lender-protecting coverage for risky loans
- down paymentInitial sum toward purchase
- conventional loanNon-government-insured home financing
- homebuyerOne purchasing residential property
equity · loan-to-value · LTV · cancellation · refinance · monthly premium · Fannie Mae · Freddie Mac · mortgage default · borrower
certification
Attestation of qualification
- methodologyFormal procedural framework
- professional developmentOngoing workplace learning activities
- credentialProof of qualification
project manager · portfolio · program management · stakeholder · risk management · scope · schedule · budget · waterfall · Scrum
supply chain
Product delivery infrastructure
- productionMaking or generating something
- inventoryCatalog of held assets
- employmentPaid occupation status
economic indicator · manufacturing sector · expansion · contraction · industrial output · procurement · lead times · backlogs · exports · imports
mutual
Shared between parties
- informationKnowledge about something
- correlationStatistical relationship measure
- associationGroup with shared aim
co-occurrence · probability · NLP · collocations · contingency · bigrams · information theory · text mining
- Home Buyingmortgage, downpayment, down payment, closing, closing costs
- real estatehouse, home, apartment, property, sale
- housing costsrent, mortgage interest, mortgage insurance, property insurance, home insurance
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- economic indicatorsGDP, GDP report, GNP, CPI, PPI
- mortgage loansloan amount, loan term, loan officer, lender, borrower
PMIcontraction
Reduction in size
recession · economic decline · downturn · negative growth · economic downturn