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To: RetiredNow who wrote (61252)9/11/2002 6:06:27 PM
From: willcousa  Read Replies (2) | Respond to of 77399
 
Not from second mortgages - the underwriting standards are very tight on seconds. Their default rate historically is next to nothing. Reason, if someone were to default they would lose equity. I think the rate is up for these 95% first mortgages.