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A comment on A new credit bubble gets ready to burst. Parent comment

Re:A new credit bubble gets ready to burst by Waterluvian on Sunday June 02, 2019 @03:26PM (#20077460)
Interesting, thanks.

I'm curious if it's that most banks "won't do" or "legally cannot do"?

[ Parent | on HN ]
Re:A new credit bubble gets ready to burst by refurb on Sunday June 02, 2019 @04:27PM (#20077886)
“Won’t do it”.

PMI doesn’t protect the buyer, it protects the bank. If the buyer stops making payments and housing prices are dropping, the bank could be screwed.

[ Parent | on HN ]