Industry NewsMortgage

Mortgage insurers brace for defaults on 2007 loans

Tighter underwriting standards didn't kick in until this year
Published on Jul 17, 2008

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by CareyBot

The problems in the private mortgage insurance industry may get worse before they get better, analysts at Fitch Ratings say, with loans insured in 2007 showing "significantly higher levels" of first-year delinquencies than the 2006 and 2005 "vintages." In their ...