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Home » Store » Taxable » GE Exits Riskier Alt A

GE Exits Riskier Alt A

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GE Capital Mortgage Insurance Corp. said it has withdrawn from the low end of the Alt A mortgage market, prompted by higher-than-expected delinquencies. Officials at the North Carolina-based company said they were disappointed with the poor performance of the portfolio, and that the decision to exit the market caused the company to lose market share in the first quarter.
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