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Home » Store » Taxable » MIs Build Up Reserves as Delinquencies Rise, Seasoning of Bulk Loans Blamed for Trend

MIs Build Up Reserves as Delinquencies Rise, Seasoning of Bulk Loans Blamed for Trend

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Private mortgage insurers are shoring up their loan loss reserves in anticipation of further increases in delinquencies in their bulk and flow business through the end of this year and in early 2002. The higher level of delinquencies was attributed largely to the seasoning of mostly subprime bulk business, which has grown rapidly in the last two years. Private MIs said the current delinquency rates are within their expectations with the aging of the 1999
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