[raybbr]

Oh, maybe you can answer a question. How much are these lenders really going to be hurt when, I assume, that most, if not all of these mortgages have to carry PMI?

[EVO X]

Oh, maybe you can answer a question. How much are these lenders really going to be hurt when, I assume, that most, if not all of these mortgages have to carry PMI?

I think you assume wrong. People with piggy back loans don't pay PMI and my understanding is that subprime borrowers don't pay PMI either. That is why there is a problem.

[HereInTheHeartland]

” I assume, that most, if not all of these mortgages have to carry PMI?”

The PMI helps to blunt the cost of a foreclosure. PMI companies are in trouble due to the large amount of claims; I assume this will lead to higher PMI rates but I don’t know that for sure. As far as I know the PMI companies are still ok, but they have been hit really hard.