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The company’s four mothballed manufacturing lines could be restarted with large noncancelable orders, he wrote.

One glaring drawback to FHA for some applicants: Unlike the private mortgage insurance that comes with low-down-payment Fannie and Freddie loans, FHA premiums are noncancelable for the life of the loan.

But FHA loans come with a glaring negative: Unlike private mortgage insurance, FHA premiums are noncancelable for the life of the loan if you make a down payment of less than 10 percent.

Business and leisure travelers stuck with a noncancelable hotel reservation can post their rooms for sale on marketplaces such as Cancelon and Roomer.

Pacific Mutual's troubles originated with noncancelable health and disability policies which were an actuarial nightmare.