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#221153 - 04/20/08 06:18 PM PMI
phuoc_nguyen Offline
Junior Member

Registered: 12/10/07
Posts: 5
Loc: CA
Hi Everyone....What do you think of the impact after all the foreclosures have on the PMI now and future.

Regards,
PH

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#221204 - 04/20/08 09:23 PM Re: PMI [Re: phuoc_nguyen]
Vermont007 Offline
Veteran Member

Registered: 04/12/08
Posts: 766
Loc: Glover, Vermont
Everything in Real Estate is either Positive, Neutral, or Negative. The impact will not be Positive, and I don't think it will be plain Neutral. That leaves only the likelihood that it will be Negative . . . . VERY NEGATIVE. Buyers thought PMI was already too expensive. I am not an Insurance Actuary; but rates are bound to increase as the Carriers work their real losses and anticipated losses into the rate making algorithms. What do you think ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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