PMI: 30 of 50 Largest Metros Have 75% Of Lower Home Prices Through 1Q2011

Mortgage Insurer PMI said that home prices in 30 of the 50 largest US metropolitan areas may fall through the first quarter of 2011. Below is an excerpt from PMI’s 2Q2009 Economic & Real Estate Trends Report. Click the link to read more. Also worth noting that private mortgage insurance companies have taken a beating during the bust and the most viable way for homebuyers to obtain financing greater than 80% of a home’s value is using an FHA loan where the mortgage insurance is government-backed—it’s easier to get these loans approved, and the overall costs are cheaper.