Why are banks in so much trouble (due to foreclosures) when mortgage insurance should have covered the losses? - hsh mortgage
If you have not at least 20% less than in a house, banks frequently conclude that our mortgage insurance.
What happened with the money safely?
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Friday, January 1, 2010
Hsh Mortgage Why Are Banks In So Much Trouble (due To Foreclosures) When Mortgage Insurance Should Have Covered The Losses?
1 comment:
Suppose you live in a region where property prices artificially far too much government interference in the purchase of a house that you bought a house with 3 bedrooms near Los Angeles excess of 500,000. When the bubble burst at home is worth now, which would have an approximate value of 200,000 to 250,000 have been. insurance for the 20% of the invoice (100000) does not extend to the other.
Multiply this figure by 100 million euros and the banks have done more.
In many cases, as my numbers are probably low.
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