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Loan Modification

: Mortgage Lender Implode-o-Meter

Private Mortgage Insurers Shouldn't Ease Standards: FHA's Stevens

By Implode-Explode Heavy Industries

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"We are not asking the private sector to ease anything, what we do believe is people price based on foreseeable risk, and when you are in a market where home prices are progressively declining, 30 months of straight declines in home prices since august of '06, which now has begun to stabilize, they are going to price that risk in; as the markets recover, we believe they will start pricing appropriately."

Full post as published by Mortgage Lender Implode-o-Meter on May 11, 2010 (boomark / email).

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