It is funny how efficient markets are. Private Mortgage Insurance use surged just as lenders were cutting off the spigot of using subprime loans and reducing the inventory of 80 percent First Mortgages and 20 percent Second Mortgages.
www.therealestatebloggers.com/2007/06/15/private-mortgage-insurance-pmi-use-surged-in-march-2007/
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