San Diego Housing Market News and Analysis
Risk to borrowers...
User Forum Topic
Submitted by DiveUrge on February 22, 2006 - 10:25am
Check this atricle out:
The following strikes me as entirely disconnected from reality.
<<"In a number of areas, particularly on the coasts, they have a high risk of price declines in the next two years," says Mark Milner, chief risk officer of PMI.
"These non-traditional loans transfer risk to the borrower," Milner says.>>
What is this guy talking about and where can I get a job as a chief risk officer? At ZERO DOWN exactly what risk is the borrower taking? All that’s really at risk is a down payment so the risk is by definition ZERO with ZERO DOWN!
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~