by Caitlin Kenney

Japanese Economy
Aimee Ennis/Planet Money Facebook Group

Homes for sale in Clover, South Carolina.

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Today on Planet Money:

With so many homeowners facing foreclosure, a lot of you have been asking about what effect that's having on PMI, private mortgage insurance. We get the answer from a insurance expert.

— Listener Holly Yoders wants to know what happened to all the private mortgage premiums that were paid on mortgage loans with less than 20% down.

— Economist Hampton Finer of the New York State Insurance Department says private mortgage insurance is going to be of limited help to banks.

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