Mortgage insurers say piggyback loans carry off business - 2005-03-06
The mortgage insurance industry intends to get the piggy off its back.

Two-tiered home loans known as piggyback mortgages are stealing the bacon from mortgage insurance companies. By one estimate, piggybacks have taken 40 percent of the market share from mortgage insurers, whose product is referred to as private mortgage insurance or PMI.
Read the full story at Seattle Post Intelligencer

Interest on home-equity loans not always deductible - 2005-03-06
Low mortgage interest rates made 2004 another busy year for mortgage refinancing, and home-equity borrowing in the United States reached a record-high level last year, according to a recent study.

Americans tapped $431.3 billion of home equity loans and lines of credit, according to SMR Research, a market research firm in New Jersey. That's up 35 percent from 2003.
Read the full story at Centre Daily Times