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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (7119)	5/26/2004 1:26:00 PM
From: mishedlo	Read Replies (1) of 116555

MGIC Adds Mortgage Payment Protection on High LTV Loans at No Cost to Consumers biz.yahoo.com The Mortgage Payment Protection Plan (MPP Plan(TM)), the first of its kind in the private mortgage insurance industry, is offered at no cost to lenders or consumers. MGIC pays the premium for the MPP Plan's monthly mortgage principal and interest payment protection to a 3rd party insurance provider. The program enables MGIC to reduce its losses and to pass on that benefit to help protected borrowers. The MPP Plan is offered by participating lenders and is targeted to first time homebuyer and emerging markets loan programs. ======================================================================== It's FREE and everyone wins The risk is offloaded from MGIC to a mysterious 3rd party who offloades it to martians and the French. Mish

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