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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (40896)9/6/2005 8:45:19 AM
From: Ramsey Su  Read Replies (1) of 110194
 
I have questions, no answers.

If a borrower in the affected area decides to default on a Fannie or Freddie loan with MI, AND the agencies decide to allow the default for, say, 6 months, have they forfeited their right to a mortgage insurance claim in the future if the loan ultimately is never brought current?

How is flood insurance funded? Is there a reserve account somewhere or is that going to be added to our fiscal deficit for the next few quarters?
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