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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (26616)2/17/2005 10:38:26 AM
From: ild  Read Replies (2) | Respond to of 110194
 
Did the article say whether they would have to pay PMI? My impression is that some (many) subprime lenders just skip getting PMI and just charge higher interest for themselves.



To: russwinter who wrote (26616)2/17/2005 1:10:45 PM
From: loantech  Respond to of 110194
 
<I have a question of you, or Tom (loantech) or anybody who knows? What is the time lag between when a house enters an P&S agreement, a mortgage loan is approved, interest rate set, and a sale is recorded, so that it shows up in data like this? >

Russ I don't know but a 30 day timeframe should be long enough. Data should reflect by January what closed in November I would think.


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