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» Volume of 80-10-10 Loans Surges in ’02 as Borrowers and Lenders Look to Avoid MI
Volume of 80-10-10 Loans Surges in ’02 as Borrowers and Lenders Look to Avoid MI
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While 2002 is quickly turning out to be a record year for new mortgage insurance written, 2002 also appears to be producing another, somewhat conflicting, record: the origination of high loan-to-value mortgages that don’t carry MI coverage.