[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.

[raybbr]

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.

Okay, what percentage of subprime loans also had piggybacks? How would it be possible for a subprime loan NOT to have PMI when my wife and I, with very good credit, would have to get PMI?

Are you a mortgage broker or have you just heard these things?