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MGIC Investment Corp. Message Board

  • exgasmaster exgasmaster Jan 6, 2009 4:38 PM Flag

    A little help in understanding re-fi's?

    Here's what I'd like to know - is there any publications on re-fi's that will tell how many of them are requiring mortgage insurance to qualify? Would it be the same thing as a regular new mortgage?

    Would I be correct that if it is a distressed mortgage, then the obligation is gone from the mortgage on the old loan? And would I further be correct that if they qualify for the re-fi, then the odds are very great that they have a paycheck that will support the new loan?

    If I'm right on the questions above, then this sounds like the golden parachute to MTG to me, I'm more bullish than ever.

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