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Home » Store » News » MICA Calls for Rapid Action

MICA Calls for Rapid Action

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The private mortgage insurance industry strongly urged federal regulators to step up its issuance of final guidance on non-traditional mortgage to curb undue risk-taking that puts both mortgage lenders and consumers at risk. Specifically citing piggyback loans, the Mortgage Insurance Companies of America expressed concern about the proliferation of poorly underwritten or unsuitable mortgages and home-equity loans and called for rapid...
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