Imagine paying full premium for an insurance contract, and receiving only 60 percent on any claim you make
Very bad news for Freddie/Fannie. This is start of a very bad trend. Getting 40% less makes loss much worse.
Friday, April 3, 2009
Mortgage Insurance Woes Grow for Fannie, Freddie
http://www.housingwire.com/2009/04/02/mortgage-insurance-woes-grow-for-fannie-freddie/
Very bad news for Freddie/Fannie. This is start of a very bad trend. Getting 40% less makes loss much worse.
Very bad news for Freddie/Fannie. This is start of a very bad trend. Getting 40% less makes loss much worse.
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