Washington Post (02/12/08) P. D2
In an effort to reduce exposure to the housing slump, MGIC Investment recently boosted down-payment and credit-score requirements. Homeowners seeking coverage from the nation's largest mortgage insurer in Arizona, California, Florida and Nevada as well as Detroit, Chicago, Boston, Atlanta and Washington, D.C., among other metropolitan areas, must make down payments of 5 percent on single-family homes and 10 percent on condominiums. The new rules are effective March 3.
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