MGIC Provides Investor Update
PR Newswire - lenders originating mortgages using piggyback structures to avoid private mortgage insurance, such as a first mortgage with an 80% loan-to-value (”LTV”) ratio and a second mortgage with a 10%, 15% or 20% LTV ratio (referred

The U.S financial system, the debt bubble and the cancer of excessive
Online Journal - It must be understood that the most recent subprime problem really began in 2000, when the credit-rating agency of Standard & Poors issued a pronouncement saying that “piggyback” mortgage financing of houses, when a second mortgage is taken to pay the

How To Make Mortgage Payments And Teenagers Disappear!
CNBC - A British man is able to keep his home even though he hasn t made a mortgage payment since 1993. An appellate court has awarded him squatters rights. Apparently the guy and his wife took out a second mortgage way back when to cover business

Maryann Haggerty and Elizabeth Razzi
Washington Post - Downpayment and PMI: to the person that asked about a 15 percent downpayment — see if you qualify for a 80-5-15 loan (basically a second mortgage for five percent) to avoid PMI. At least that way the money is applied to principal and not the profit