TITLE

Freddie: Insurance Risk at $63.4B

PUB. DATE
November 2009
SOURCE
American Banker;11/11/2009, Vol. 174 Issue 204, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Freddie Mac estimates its risk exposure to a complete collapse of the mortgage-insurance industry to be around $63 billion. Freddie Mac has purchased mortgage-insurance policies from eight firms including MGIC Investment Corp. and Radian Group Inc. Over a 9-month period Freddie received $658 million from insurers in connection with loan losses.
ACCESSION #
45137320

 

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