Morgage Insurer MGIC reported a $1.5 Bil. loss for the 4th Quarter on higher home delinquincies and payouts.
Starting March 3, MGIC said it will require at least 5 percent down on homes in so-called restricted markets. They include the entire states of Arizona, California, Florida and Nevada and major metro areas such as Washington, D.C., Detroit, Chicago, Boston and Atlanta.
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