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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (4774)1/11/2004 11:56:55 AM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<These subprime loans have no mortgage insurance.>>>
That is a real surprise.

I heard that FNM/FRE have their own sub-prime (or non prime) loans. I'd think that FNM/FRE would require PMI.



To: Ramsey Su who wrote (4774)1/11/2004 12:50:03 PM
From: loantech  Read Replies (2) | Respond to of 110194
 
RS,
You are so right. 100% no MI. Or even a poor credit risk borrower to 85% loan to value no mI. What a joke. Get ready, if a few years pick up some real estate cheaper.
Tom


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