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Real Estate & Property Law

: The Home Equity Theft Reporter

Loan Servicers Feel The Squeeze From Increased Denials Of Mortgage Insurance Claims

By r morris

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Housing Wire reports:In the face of dwindling business, with January 2010 showing fewer new policies than any month in 2009, mortgage insurance (MI) companies are increasingly denying claims for defaulted loans that allegedly do not conform to underwriting standards, increasing costs for servicers and investors.Historically, mortgage insurance (MI) rescission rates were low, generally around 7%,

Full post as published by The Home Equity Theft Reporter on February 28, 2010 (boomark / email).

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