Friday, June 27, 2008The Daily Conversation...
It's Friday June 27th 2008
- I see that Stocks are down yet again today.
- Senator Shuman took a shot at IndyMac Bank who's stock is currently around $1 a share,
- and boy do I still have issues with Radian Mortgage Insurance.
"Radian announced that investment properties will no longer be eligible for Mortgage Insurance, cash-out refinance loans in declining markets are no longer eligible for Mortgage insurance"
and
"At this time, they have not changed their Declining Markets Policy to match the GSE's - they will continue to apply the same declining market policy they have been using: Maximum eligible LTV reduced by 5% if in a declining market, for loans greater than 95% LTV, they will reduce to 95% in a declining market, and the maximum LTV for Condos in declining market is 90%"
Labels: mortgage
posted by Mike 
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