"Based on what I have read, I am assuming the new refi's under HAR to those who are "underwater" will not have MI. Take a look at the three test cases posted under the original announcement. http://www.treas.gov/initiatives/eesa/homeowner-affordability-plan/HousingExampleSheet.pdf Note in Case A: "Their "loan-to-value" ratio is now 90%, making them ineligible for a Fannie Mae refinancing." Note in Case B: "Their "loan-to-value" ratio is now 84%, making..."    View Post

"We have seen some off-the-wall underwriting conditions lately. Here is the latest dandy from an underwriter in California: "Appraiser to provide narrative to explain why the grass of the subject property is brown." Uh...how about it's winter and the property is in Nebraska, every blade of grass in the entire state is brown."    View Post

"I've heard that some Taylor Bean files have had funding issues lately."    View Post

"Elizabeth, Great job predicting rates. What information are you using to make the prediction of 4% rates?"    View Post