Yeah, that PMI is a joke too. I structured my primary loan at the limit and made up the difference with a HEQ loan to avoid it. I figure if the banks are stupid enough to become the pawns of statists I'll be damned if I am going to foot the bill for their insurance! Crap goes south the taxpayers are gonna bail em out anyway, that is the corrupt bargain the statists gave the banks and the banks didn't bat an eyelash! They can all burn as afar as I care. And the only, ONLY reason creditors come down on you is if you have good credit...they know you'll pay...the single mom with 6 kids on welfare and the little black, brown, yellow and red folk get a letter like that and it's off to Shapiro, Cochran, the community whores and politicians to make it stop. The world is an effed up place and too many people let it happen. But we, the hard-working, the play-by-the-rules and pay-our-debts crowd, we are the suckers, the dupes that keep this charade marching on. That isn't going to last much longer...