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June 27, 2008
Freddie: No Restrictions for 3 Insurers
Freddie Mac will continue to do business with MGIC Investment, PMI Group and Radian Group, even though the mortgage insurers have been downgraded by the ratings agencies. The government-sponsored enterprise says it has reviewed their plans to regain double-A ratings from the credit agencies but adds that it could "rescind or modify" at any time its decision not to impose restrictions on the mortgage insurers.
Posted by S. Germain at June 27, 2008 08:17 AM