Women's Health Weekly
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Breast Cancer
New banking and finance study findings recently were reported by M. Qi and co-researchers
April 30th, 2009
According to recent research from the United States, "This paper studies loss given default using a large set of historical loan-level default and recovery data of high loan-to-value residential mortgages from several private mortgage insurance companies. We show that loss given default can largely be explained by various characteristics associated with the loan, the underlying property, and the default, foreclosure, and settlement process." "We find that the current loan-to-value ratio is the single most important determinant. More importantly, mortgage loss severity in distressed housing markets is significantly higher than under normal housing market conditions....
Source: Women's Health Weekly (2009-04-30)
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