Why are mortgage insurers reluctant to insure home loans?
Mortgage insurers have flagged 9600 zip codes as areas where on earth they do not want to get involved
Answers:
b/c the industry is in turmoil. everyone speculated on the flea market and now its coming back to loam.
They hold lost their ^%$%%'s in bad loans. So they own gone to a statistical overlay that shows where they had the most losses. Not with the sole purpose have they decided NOT to insure, but they enjoy increased their premiums everywhere and reduced the LTV's on loans they will insure. They are the main reason that at hand are NO 100% loans anymore. Source(s): I am a motgage banker
Because they are 'for profit' enterprises and various areas around the country represent a serious threat to that 'for profit' business. Haven't you read the news? Look at falling values in these areas. Look at defaulting rates and high inventories. This is just angelic business practice. And another reason why the government requests to step in via FHA and VA to get it done.
Related Questions:
Is it best to bring a home loan from a sandbank or mortgage broker?
and why? Thanks for the help.... Hey I know a lot of folks go to the banks for Home Loans or to attain a 2nd loan, or equity, but my sister has her own Brokerage/Real Estate and Wholesale Loan...
Answers:
b/c the industry is in turmoil. everyone speculated on the flea market and now its coming back to loam.
They hold lost their ^%$%%'s in bad loans. So they own gone to a statistical overlay that shows where they had the most losses. Not with the sole purpose have they decided NOT to insure, but they enjoy increased their premiums everywhere and reduced the LTV's on loans they will insure. They are the main reason that at hand are NO 100% loans anymore. Source(s): I am a motgage banker
Because they are 'for profit' enterprises and various areas around the country represent a serious threat to that 'for profit' business. Haven't you read the news? Look at falling values in these areas. Look at defaulting rates and high inventories. This is just angelic business practice. And another reason why the government requests to step in via FHA and VA to get it done.
Related Questions:
Is it best to bring a home loan from a sandbank or mortgage broker?
and why? Thanks for the help.... Hey I know a lot of folks go to the banks for Home Loans or to attain a 2nd loan, or equity, but my sister has her own Brokerage/Real Estate and Wholesale Loan...