A mortgage insurance product known as GSE pool insurance has come under fire from critics who warn that the insurers may be taking too much risk.

The insurance is written for loans sold to the government-sponsored entities that purchase mortgages-Fannie Mae, formally the Federal National Mortgage Association, and Freddie Mac, the Federal Home Loan Mortgage Corp. Critics say the insurers are going after business too aggressively. As a result, they say, the insurers are pricing the product too inexpensively to offset their risks.

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