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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6019)10/12/2002 4:10:31 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Who is Balboa Reinsurance mentioned in that article on Countrywide?

This is the most dangerous aspect of all. Since 1997, lenders can create and own their own re-insurers. You know they're sound because they have re-insurance. . . they re-insure themselves. (Do I put a grin or a scream after that?)

Balboa Life & Casualty is the mortgage re-insurer owned by Countrywide. . . that re-insures Countrywide.

balboainsurance.com

hoovers.com