2010-02-12insurancenetworking.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."



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 Permalink

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