SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CalculatedRisk who wrote (28535)3/14/2005 11:08:18 AM
From: russwinter  Read Replies (3) of 110194
 
Those are big players in the mortgage insurance market, and they seem to be addressing one of the more egregious areas in housing real estate. This is a clear credit tightening event. I also wonder about the issue of speculators and flippers falsifying applications to lenders by stating they are "owner occupied". The same is true of casualty insurance. (*)Also wonder how this PMI issue would affect financing in hot urban condo market like San Diego and Portland's Pearl District. Are there just other Bubble and slack credit wormholes they could slide into?. How about piggyback loans (the 20% down is covered with a HELOC)? Tom, or anybody in the biz care to enlighten us?

(*) When I owned and ran apartment buildings in Tacoma, insurance companies were on me all the time about my old vintage buildings in rougher neighborhoods, and I ran totally above board operations with good well screened tenents. They'd show and nitpick me to death, and really didn't even want to insure me. Heaven help me if I had lint behind the washing machines in the laundry rooms. I suspect there is a prevasive red lining culture at work here. These rocket scientists just don't see dealing with Bully rentals and empty units in "top" trendy neighborhoods as risky.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News