Lemmings
One lender stops making piggyback loans. All the others will now stop. The real estate market bubble is over. I am not a banker, but I would think a piggyback loan in today's market is less risky than one made when home prices hitting new highs every month. This was so predictable. The real estate bubble was finance driven and the crash, recession, pullback, slowdown or whatever adjective you choose will be finance driven.