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	Name:	Swimmer27 -
	Subject:	??
	Date:	10/20/2008 10:52:19 PM

These folks with the subprime loans presumably didn't have 20% down. Every mortgage I have ever had, if I didn't put 20% down I would have had to have PMI on the loan to protect the lender in case of default. Where did this PMI go? Why are the insurance companies not paying the banks when the the folks, surprise, default? Is PMI a total scam? What is the point of of forcing it if we, the taxpayers, have to pick up the bad debt?

So far John, nobody has given me even a bad answer. All I get is gee, I don't know. I realize this is not your area of expertise, but I thought you may know. I know there are a couple of economics wizards on the forum. Can anybody answer these questions?

Other messages in this thread:

View Entire Thread

Real Estate Stats: for John C - FLgirl - 10/20/2008 2:43:51 PM

Real Estate Stats: for John C - John C - 10/20/2008 5:13:28 PM

THIS WILL HELP - GoneFishin - 10/20/2008 5:40:15 PM

THIS WILL HELP - John C - 10/20/2008 8:42:06 PM

THIS WILL HELP - pontoon - 10/20/2008 10:32:46 PM

I have a question. - Swimmer27 - 10/20/2008 10:44:56 PM

?? - Swimmer27 - 10/20/2008 10:52:19 PM

?? - Maverick - 10/20/2008 11:11:47 PM

?? - JIM - 10/20/2008 11:42:52 PM

?? - John C - 10/21/2008 11:56:56 AM

?? - John C - 10/21/2008 12:07:48 PM

?? - JIM - 10/21/2008 5:36:36 PM

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