subprime: Status of the Mortgage Industry
- 02/12/08 04:22 AM
Over the past few weeks I have received a number of emails from my larger conforming grade investors indicating contraction in the availability of their existing loan products, the inability of the PMI companies abilities to insure a mortgage above such and such an LTV, new minimum FICO standards for higher LTV loans... the list goes on and on... Every week its something new, and the changes are broad and sweeping, and often times come with little notice. And for those of you who think its going to save us all, the FHA is going to do the same thing - … (0 comments)
Over the past few weeks I have received a number of emails from my larger conforming grade investors indicating contraction in the availability of their existing loan products, the inability of the PMI companies abilities to insure a mortgage above such and such an LTV, new minimum FICO standards for higher LTV loans... the list goes on and on... Every week its something new, and the changes are broad and sweeping, and often times come with little notice. And for those of you who think its going to save us all, the FHA is going to do the same thing - … (0 comments)
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