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Real Estate & Property Law

: Housing Wire

S&P Downgrades Five Mortgage Insurers

By AUSTIN KILGORE

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Standard & Poor’s downgrade the credit ratings on five mortgage insurance companies. The credit ratings agency said continued losses on insurance claims exceeded previous expectations, as low-risk books of business are starting to experience greater losses. ?The lower-risk books of business within the mortgage sector (such as those with higher FICO scores or lower loan-to-value ratios) [...]

Full post as published by Housing Wire on December 23, 2009 (boomark / email).

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