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

To: ild who wrote (28534)	3/13/2005 5:00:42 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 110194

FNM/FRE will probably change their policies after the debacle. Did you see this article on PMI today: Speculators, the squeeze is on latimes.com Excerpt: "One of the key players in the home mortgage market quietly has signaled that it believes real estate speculation in some parts of the country is approaching worrisome levels. PMI Mortgage Insurance Co. told its network of lenders nationwide that it would no longer insure new loans made to borrowers who already have more than four mortgages outstanding or who represent more than $350,000 worth of "risk exposure" to the company."