Relevant:
- Mortgage Insurer Side Deals Raw Ones for Fannie and Freddie
- Health Insurers Stop Offering New Coverage to Small Businesses and Individuals in Massachusetts in Battle Over Rates
- Mortgage Insurers Taking Active Role in Education, Loss Mitigation
- Insurers Sue Banks for Mortgage Losses
- Health Insurers' Pullback Threatens to Create Monopolies
2010-02-12 — insurancenetworking.com
"To nurse themselves back to health, the insurers are depending on a new crop of quality mortgages that will bring in premiums to offset losses on loans made during the bubble years. Trouble is, new business is hard to come by — at least business that meets the insurers' tightened underwriting standards."
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Comments:
hollycrap at 03:49 2010-02-14 said:
The PMI companies are their own worse enemies. I had a loan with an attorney, putting down 15% on purchase. his middles score : 699 Could not find PMI insurance (tried 5 of them). They required 700 credit score, AND THEY HAVE NO ROOM FOR AN EXCEPTION. I finally got the score changed to 701. When a company has a policy of NO EXCEPTIONS, they should close down. Just my opinion Permalinkadd a comment | go to forum thread
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