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Please Explain:Why didn't my PMI Insurance Companies bail out these banks?

Oct 09, 2008 by commloan | Posted in Insurance

I am forced to pay an extra $50 a month on my mortgage for PMI. This "Private Mortgage Insurance" goes to the banks to recoup losses due to foreclosures. What did Triad and other PMI Providers have to do for this bail-out? Is this just a bogus

Well, PMI only pays out AFTER THE HOUSE IS FORECLOSED. And we're not talking about houses that are getting foreclosed on here, we're talking about the issue of no one wanting to buy the sub prime mortgage. It's not the HOUSE causing the issue! It's

mbrcatz | Oct 10, 2008

Triad Insurance Associates - (919)663-0303

Triad Insurance Associates www.ziplocal.com 112 S Chatham Ave Siler City, NC 273443412

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Standard & Poor's creditweek Standard & Poor's creditweek

Creator: Standard and Poor's Corporation | Business & Economics - 2007
For these reasons, mortgage insurance company credit quality is drawing scrutiny from ... 4.2 8.9 106 Reduced documentation Triad Guaranty Insurance Corp. ...