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

To: CalculatedRisk who wrote (68493)8/19/2006 4:41:33 AM
From: shades  Read Replies (1) | Respond to of 110194
 
Russ Said DJ Newswires can't be cited - that publishers won't accept that I believe - I quit posting them because of thier worthlessness - how does Bernanke get away with it? I am very confused.

1) S&P's Rating of Mortgage Pools Is Revised Amid Exotic Lending, Dow Jones Newswire, June 15, 2006.



To: CalculatedRisk who wrote (68493)8/19/2006 11:06:03 AM
From: loantech  Read Replies (1) | Respond to of 110194
 
The riskiest loans do not require mortgage insurance. They are a combination of 80% 1st and 20 % 2nd mortgages. The 20% 2nd eliminates the "need" for MI.



To: CalculatedRisk who wrote (68493)8/19/2006 5:50:38 PM
From: ild  Respond to of 110194
 
<<<I'm not familiar with the mortgage insurance business, but I wonder why the insurers don't just raise their rates for riskier mortgages?>>>

Because of proliferation of piggybacks MIs have lost a lot of business. So now they all compete for much smaller market.

MI have been lobbing to make PMI premiums tax deductible in order to better compete with piggybacks.


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