Real Estate Blog - PMI Companies pull out of California!

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PMI Companies pull out of California!

For those living in Claifornia as if you weren't troubled enough by declining real estate prices, crushing real estate taxes and potential tax hikes to boot, now it is going to get even tougher for them to obtain a mortgage because effective immediatley, the PMI (Private Mortgage Insurance) Companies are pulling out of California for all but those who have a 720 or higher credit scores. Another reason to be sure of what is happening to your credit!

Posted by Raleigh Real Estate Zero Down on 12/18/2008 05:44 PM

Comments (2)

Credit Scores in the Mortgage / Finance Channel

fico scores

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2 Comments on PMI Companies pull out of California!

DEC

I am afraid that until their market values settle down and level out this is how it will be.

So those companies have no faith in the California market? Sounds scary to me.

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