[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?

[EVO X]

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?

One report I read said about 50% of subprime loans also had piggyback loans in 2006.

Your loan would be a conventional loan and not a subprime loan.

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

No. I am just trying to figure out what is going on like you are.