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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (26139)3/22/2005 2:13:17 PM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
WASHINGTON -- One of the key players in the home mortgage market quietly has signaled that it believes real estate speculation in some parts of the country is approaching worrisome levels. PMI Mortgage Insurance Co. told its network of lenders nationwide that it will no longer insure new loans made to borrowers who already have more than four mortgages outstanding"

montereyherald.com

Gee...
No more than 4 mortgages.
That is really "cracking down"
Mish