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re: PMI: Someone explain this to me again?

Posted on 3/31/09 at 10:55 am to
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 3/31/09 at 10:55 am to
most of the PMI companies are insolvent. It's another one of those counterparty problems.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
51487 posts
Posted on 3/31/09 at 10:57 am to
I expect half of them to go under.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 3/31/09 at 3:23 pm to
quote:

most of the PMI companies are insolvent. It's another one of those counterparty problems.


Yep. And there were only 2-3 primary PMI companies that wrote the vast majority of the insurance.
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