Defaults on Insured Home Mortgages Rise 22 Percent (Update5)
Story date: 2007-10-31 10:25:00
Added on: 2007-10-31 13:00:15
Bloomberg - A surge in home foreclosures is sapping profit at mortgage lenders and insurers including MGIC Investment Corp., the biggest, and No. 2 PMI Group ... on loans made to borrowers who can't keep up with higher payments as their two-year ``teaser'' rates ...
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