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Private mortgage insurers reported a slight increase in activity in July.
[IMAGE]According to data released by ""Mortgage Insurance Companies of America"":http://www.privatemi.com/index.cfm (MICA), member companies issued 50,575 policies to start the year's second half, up from 49,666 in June and 39,192 in July 2012.
[COLUMN_BREAK]Dollar volume of primary new insurance written totaled $13.0 billion, marking the fifth straight month of gains. (Despite a decline in policies issued in June, dollar volume still saw an increase to $12.3 billion).
Total primary insurance in force was $413.0 billion as of the end of July, the companies reported.
After falling in June, the number of private mortgage insurance applications ticked up in July, climbing to 53,502--indicating another potential increase in activity in the near future.
Meanwhile, MICA members reported 21,930 defaults and 17,156 cures in July, bringing the cure-to-default ratio down to 78.2 percent--its lowest level since last September.
Statistics came from ""Genworth Mortgage Insurance Corporation"":http://mortgageinsurance.genworth.com/, ""Mortgage Guaranty Insurance Corporation"":http://www.mgic.com/, and ""Radian Guaranty Inc."":http://www.radian.biz/page?name=HomePage
