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Real Estate & Property Law

: Housing Wire

Mortgage Defaults Continue to Rise, MI Firms Say

By PAUL JACKSON

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A surge in residential mortgage defaults continued during October, according to a trade organization representing private mortgage insurers. More than 80,000 defaults were recorded during the month, the highest such total in at least 12 months, said the Mortgage Insurance Companies of America Monday, in its monthly report. Against 80,071 reported primary insurance defaults, the industry [...]

Full post as published by Housing Wire on December 01, 2008 (boomark / email).

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