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Home » Store » News » RESPA Reform Could Ding Private MI Profits; Insurers Press Case With HUD

RESPA Reform Could Ding Private MI Profits; Insurers Press Case With HUD

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The controversial Bush administration proposal to create guaranteed mortgage packages of real estate settlement services could result in lenders squeezing private MIs for business referral payments, according to Mortgage Guaranty Insurance Corp. MGIC has been warning stockholders that its revenues could be “adversely affected” if the Department of Housing and Urban Development finalizes its proposed exemption for providers of guaranteed mortgage packages from
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