Members of the Mortgage Insurance Companies of America held $396 billion in primary insurance in force in June, according to the trade association.
The amount is nearly the same as May figures.
The dollar volume of primary new insurance written on newly originated conventional mortgage loans totaled $9.5 billion in June. MICA members said 34,169 borrowers used private mortgage insurance to buy or refinance a home in June.
MICA members received 36,926 private mortgage insurance applications in June and reported 24,567 defaults and 17,390 cures. In May, members received 38,355 applications. Defaults and cures totaled 23,687 and 18,397, respectively, in May.
The report is related to data stemming from MICA’s member companies, which includes Genworth Mortgage Insurance (GNW), Mortgage Guaranty Insurance Corp. and Radian Guaranty (RDN).
