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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (313)7/31/2003 11:03:07 AM
From: Ramsey Su  Read Replies (2) of 110194
 
biz.yahoo.com

this is one miserable report. I think the industry is not prepared for the reversal of the refi mania cycle. Persistency is now at such dangerous levels but even that does not tell the whole story.

Domestic primary insurance in force totaled $115.2 billion, a decrease of 3 percent from a year ago. The decline in primary insurance in force was a result of record levels of policy cancellations partially offset by strong levels of new primary insurance written.

So what percentage of the insurance in force are less than 2 years old, entering the prime default period?
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