And the dead beat folks that stole the money for the house they couldn’t pay for were innocent as lambs.
AIG was the insurer of PMI . I refuse to do your research. They were both direct and reinsurer of the whole glob of crap. Why do you think they were bailed?
And the dead beat folks that stole the money for the house they couldn’t pay for were innocent as lambs.
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testy testy ... you’re almost as ill informed on economics as Rush Limbaugh ... AIG doesn’t/didn’t issue PMI ... in almost every instance the SERVICER was required in the PSA to make payments on behalf of the borrower for (usually 6 months) if the borrower didn’t make payments ...
It’s the banks that are the deadbeats that want a “free house” that they have NO REAL INTEREST IN ,, never had an interest in as they table funded and pre-sold ,, just collected fee income ... they were more-or-less just another (undisclosed) broker collecting a BIG slice ... wake up and smell the fraud.