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The private mortgage securitization market is dead.
And lenders can try to collect on private mortgage insurance.
Otherwise they have to buy private mortgage insurance.
Worse, it faces a barrage of loan-repurchase lawsuits from bond insurers and private mortgage investors.
"But putting a private mortgage on public housing is not a good idea".
Now private mortgage insurance, or P.M.I., could be making a comeback.
Since the financial crisis, there has been less demand for private mortgage insurance.
MGIC, the nation's largest private mortgage insurer, rose 9.6 percent, to $10.05.
It all began with a fuss over a private mortgage to Mr Wulff.
Banks require larger down payments now, removing the need for private mortgage insurance.
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The private mortgage-backed securities market grew to be a virtually inscrutable giant.
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