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06/01/08
Mortgage insurers report surge in defaults
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:52 pm

A major lender’s change in reporting policies helped drive a 71.2 percent annual increase in defaults reported in April by major mortgage insurance companies, but represents a “one-time adjustment” in a market that “is returning to fundamentals,” an industry group said.  more…

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