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Home » Private MI Helps Spur Growth in Purchase-Mortgage Originations, Business Steers Back to Traditional Market
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Private MI Helps Spur Growth in Purchase-Mortgage Originations, Business Steers Back to Traditional Market

July 11, 2013
Private mortgage insurers may be gaining momentum as the mortgage market steers toward a greater focus on purchase-mortgage lending, according to a new Inside Mortgage Finance analysis of Fannie Mae and Freddie Mac data. The two government-sponsored enterprises securitized a total of $56.11 billion of home loans that included private MI coverage during the second quarter of 2013. That was up 12.1 percent from the first three months of the year, compared to a 5.1 percent decline in total GSE business over that period. Private MI activity is...[Includes one data chart]
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