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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (4819)8/29/2002 10:57:06 AM
From: TradeliteRespond to of 306849
 
Neither do I.
Figures are just figures--sorta like earnings reports these days. <<gg>>



To: Jim Willie CB who wrote (4819)8/29/2002 4:38:55 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
>> hear from a friend in Philly whose friend works in a mortgage financing firm
their 80% LTV loans are backed with 20% second mortgages originated at the same time
this enables qualification for FannyMae portfolio buyouts
and sidesteps all PMI insurance nuisance<<

that's exactly what my friend just did in S. CA...

financed 95%, did an 80/15 to avoid the pmi.


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