Private MIs Continue to Take a Beating as FHA Rockets to New Record Market Share
November 12, 2009
The private mortgage insurance industry suffered through one of its worst quarters ever during the three months ending in September as the six active companies in the market posted a whopping $987.4 million in losses. And at a time when the credit quality of new mortgage originations is said to be as good as it’s ever been, the MIs continued to lose ground to the FHA... [Includes four charts]