Question 18 2 pts According to federal law, private mortgage insurance on most loans ends automatically once the mortgage is paid down to 80% of the home's current market value. a. True b. False True False Question 19 2 pts If you made a down payment of $22,000 on a $220,000 house, the lender no doubt will require as a direct result of the size of the down payment. a. closing points b. a signature bond as additional collateral c. private mortgage insurance (PMI) d. application fees e. homeowner's insurance