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Items Tagged with 'MICA'

ARTICLES

MICA: Mortgage insurers write $8.7B in new MI business

Kerri Ann Panchuk
Mortgage insurers continue writing new business, with members of the Mortgage Insurance Companies of America reporting $8.71 billion in new primary mortgage insurance volume for the month of October.
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Private mortgage insurers see $12B in new business

HousingWire Staff
Private mortgage insurers associated with the Mortgage Insurance Companies of America (MICA) wrote $12 billion in new mortgage insurance last month.MICA members – Genworth Mortgage Insurance, Mortgage...
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Insured Defaults up 10%

Diana Golobay
[Update 1: includes clarification of Radian's influence on year-on-year figures] Defaults on privately insured US mortgages are up nearly 10% percent from one year ago. However, defaults fell more than 3% in April from March, by way of comparison. It marked the third consecutive month of decline in primary insurance defaults, since the 106,482 defaults seen in January. After falling more than 6% in March from February, primary insurance defaults slipped to 81,171 in April, according to data released Friday by the Mortgage Insurance Companies of America (MICA).
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Insured Mortgage Defaults Up 47 Percent: Report

Paul Jackson
Defaults on privately insured U.S. mortgages fell nearly 16 percent in February from the month before, but were up 47 percent from one year ago -- and figuring out what that really means is next to impossible, given the data.
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Mortgage Insurers See Defaults Increase in July

Paul Jackson
UPDATE 1: Added in clarification of April's reporting change, invalidity of annual growth comparison
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Mortgage Insurers See Applications Fall in June

Paul Jackson
A combination of tighter underwriting guidelines and weakening borrower demand helped push the number of applications for mortgage insurance received by members of the Mortgage Insurance Companies of America, an industry trade group, to their lowest level on record in June. Insurers received just 90,896 applications during the month, less than half of year-ago totals, and roughly 17 percent below the number of applications received in May, according to a press statement.
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Insured Defaults Surge, Thanks to Reporting Quirk

Paul Jackson
One large unidentified lender changed how it reports defaulted mortgages during April, pushing the number of primary insurance defaults to a record high for the month and underscoring the somewhat fragile nature of reporting on borrower defaults.
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Insured Defaults Up 37 Percent in March

Paul Jackson
Borrowers with mortgage insurance fell more than 60 days behind on their mortgage payments at an increased pace in March, with the number of primary insurance defaults up 37 percent last month relative to year-ago numbers. The Mortgage Insurance Companies of America, a trade group comprised of most of the major private mortgage insurers, said earlier this week that 58,131 defaults were recorded in March, up from 42,362 one year earlier.
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