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To: loantech who wrote (48553)9/4/2007 1:45:34 PM
From: E. Charters  Read Replies (1) | Respond to of 78419
 
But how do you restructure if you sell with MI?. People taking back will have a hard time selling the debt to a financier.

And how much is MI going to cost? Won't it be equal to the difference in the rate? No I guess not, as it is based in actuarial failure. Of course it will be equal to at least 25% of the rate, as it has to cover the delinquencies.

Can't be any worse than car insurance.

EC<:-}