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

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To: CalculatedRisk who wrote (28535)3/13/2005 6:00:10 PM
From: ild  Read Replies (1) of 110194
 
Yes, I read the article.

MIs should be worrying as they are first in line if RE values tumble. With many mortgage programs created to avoid MI (80/20, 80/10/10 etc) I'd guess that if the bank wants PMI on this loan that means the loan is really risky. MI companies have been loading on sub prime loans as this is the only remaining growth area in their business. I'm currently positioned to benefit from future trouble with MI companies.
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