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Mortgages

PMI Refugees Approved By Fannie Mae, Freddie Mac For Mortgage Insurance

JAN 21, 2013 11:46am ET

WASHINGTON Fannie Mae and Freddie Mac announced last week they have approved National Mortgage Insurance Corp., a newly chartered private mortgage insurer formed by one-time executives at financially troubled PMI Group, as eligible to provide private mortgage insurance for loans they buy.

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