Home >> News >> Data >> Mortgage Insurers Wrote $7.1B in New Primary Insurance in April
Print This Post Print This Post

Mortgage Insurers Wrote $7.1B in New Primary Insurance in April

in Data, Origination, Secondary Market, Servicing May 31, 2012 1,112 Views

Three mortgage insurers wrote $7.1 billion in newly originated primary mortgage insurance in April, up from $3.7 billion last year, according to the ""Mortgage Insurance Companies of America"":http://www.privatemi.com/index.cfm (MICA).

MICA said that the companies, including ""Genworth Mortgage Insurance Corp."":http://mortgageinsurance.genworth.com/, ""Mortgage Guaranty Insurance Corp."":http://www.mgic.com/, and ""Radian Guaranty Inc."":http://www.radian.biz/page?name=HomePage, fielded new primary insurance up from $6.7 billion in March.

Some 30,575 borrowers used private mortgage insurance to buy or refinance their homes in April.

The insurers reported 22,569 defaults and 20,678 cures in April. Private mortgage insurance applications hovered at 33,013 that month.

[COLUMN_BREAK] [IMAGE]

Tagged with:

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
theMReport.com copyright 2024 is a registered trademark of The Five Star Institute
x

Check Also

Survey: Homeownership Remains Elusive for Baby Boomer Renters

A recent look into housing affordability by NeighborWorks America has found that three in five long-term baby boomer renters feel homeownership remains unattainable.