Tuesday, July 15, 2008

Mortgage Insurance Industry: 70% of Previous Buyers Don't Qualify


The Big Picture | Mortgage Insurance Industry: 70% of Previous Buyers Don't Qualify: "The spreading restrictions are a symptom not only of the housing and credit crisis but of the mortgage-insurance industry's own huge losses. The insurers face massive borrower defaults on loans that were approved when securing a mortgage was far easier.'"

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