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Tag Archives: Radian

Private MI Activity Up Despite Concerns About Future

The number of borrowers using private mortgage insurance (MI) keeps going up, according to Friday's monthly statistics release from Mortgage Insurance Companies of America (MICA). MICA's member companies--which include Genworth Mortgage Insurance, Mortgage Guaranty Insurance, and Radian Guaranty--reported a total of $397.5 billion in primary insurance in force for August, an increase from $396.4 billion in July. The total primary insurance in force received a boost from reported month-to-month increases in dollar volume, certificates issued, and applications.

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MICA Members Write $396B in New Mortgage Insurance in May

Mortgage Insurance Companies of America (MICA) released on Friday its monthly statistical report showing that member companies reported a total of $396 billion in primary insurance in force for May. This total is down nearly $1 billion from April and is the lowest total in a year-long fall.

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Radian Sees Leveling Off in New Delinquencies and Cures

Mortgage insurer Radian Guaranty Inc. trimmed its inventory of delinquent loans during the month of October by 136, as new delinquencies and cures came close to breaking even. The company ended the month with 110,614 loans in its primary delinquent portfolio, down from 110,740 at the beginning of October. The company says it wrote $2.07 billion in new primary mortgage insurance coverage during the month of October.

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Private Mortgage Insurers See More Defaults Than Loan Cures

Private mortgage insurers had more new notices of default to contend with during the month of May than they had loan cures. It was the first time in four months that defaults outnumbered cures. Mortgage Insurance Companies of America (MICA) says its five members reported 44,853 defaults and 36,159 cures in May. Private mortgage insurers help loan originators and investors make mortgage funds available to homebuyers who have less than 20 percent for a down payment.

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