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Home » ‘Deep MI’ Apparently Out of Vogue in Subprime Mortgage Securities
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‘Deep MI’ Apparently Out of Vogue in Subprime Mortgage Securities

June 4, 2004
Non-agency MBS issuers aren’t using nearly as much mortgage insurance to support their deals as they did two years ago. But it’s not because the private mortgage insurers aren’t trying. “We are bidding a similar volume of deals. But we are losing them – not so much to the other MIs but to other structures,” an official at Mortgage Guaranty Insurance Corp. told Inside MBS
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