http://housingstory.net/2010/01/12/default-is-a-patriotic-duty/ Sun, 29 Jan 2012 22:08:49 +0000 hourly 1 http://wordpress.com/ http://housingstory.net/2010/01/12/default-is-a-patriotic-duty/#comment-2381 Sun, 24 Oct 2010 18:39:49 +0000 http://newobservations.net/?p=2373#comment-2381 I agree and wonder, even if banks are owned by the same insurance company how lenders and insurers who have opposite interests (lenders pay to protects risk of losing loaned proceeds; lenders project to profit from probabilities of not having to to pay on the full insured value. At least for full accounting disclosure to its shareholders, insurers would be expected to stop insuring overvalued homes and to become the strongest supporter of rewriting mortgages down to market value.

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