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They had different programs, including 10% down and 5% down with an additional, financed cost for MPI (Mortgage Premium Insurance, or something like that). In addition they were not regulated well enough to prevent all kinds of NINJA loans via outright lying.

paul spencer
by paul spencer (spencerinthegorge AT yahoo DOT com) on Wed Aug 20th, 2008 at 12:46:59 PM EST
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