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Home » News » Private MIs Lose a Little Ground to FHA/VA, But Come Close to Profitability in Early 2013
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Private MIs Lose a Little Ground to FHA/VA, But Come Close to Profitability in Early 2013

May 9, 2013
Private mortgage insurers lost a little collective market share to the FHA and VA during the first quarter, although that may have been simply a timing distortion, according to a new market analysis and ranking by Inside Mortgage Finance. The more groundbreaking news is that the surviving private MIs, as a group, probably turned a profit during the first quarter of 2013. The four publicly traded companies reported a combined loss on their domestic MI business of just $14.6 million during the first quarter of 2013. Essent Guaranty, the fifth-largest MI in terms of new business, is...
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