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AIG Mortgage Insurer Takes on FHA in Government Shutdown

American International Group Inc.’s mortgage insurer, whose biggest rival is a U.S. agency, is wooing borrowers with the prospect that they’ll avoid delays tied to the partial government shutdown.

AIG’s United Guaranty has sent a message to clients highlighting the company’s willingness to accept paperwork that had been prepared for the Federal Housing Administration. Mortgage insurance covers losses when homeowners default and foreclosures fail to recoup costs.