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mortgage insurers
’Why no Canadian, Australian housing busts?
Here’s a chart to ponder from the peer review of residential mortgage practices, just published by the internationally-coordinated Financial Stability Board:
Set aside Switzerland and the Netherlands.
FHA bailout watch, plunging cash reserves edition
Executives at the US Federal Housing Administration (FHA) continue to insist that the mortgage insurer is not in trouble. Available data suggest otherwise.
As the Washington Post reported on Tuesday,
S&P issues a fresh warning on US mortgage insurers
In April, Standard & Poor’s downgraded the entire rated universe of private mortgage insurers, and mostly by multiple notches. On Wednesday, the rating agency decided that drastic action didn’t fully reflect just how,