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Home » Store » News » Mortgage Insurers Tighten Standards As Profits Continue to Plunge; More Losses Predicted in 2008

Mortgage Insurers Tighten Standards As Profits Continue to Plunge; More Losses Predicted in 2008

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The private mortgage insurance industry continued to take a pounding in the fourth quarter, and that trend is likely to continue for the foreseeable future. Last week, Genworth Financial announced that its earnings dropped about 50 percent between 2006 and 2007, from $361...
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