The primary MI share in the agency market rose from 50.4% in 2022 to 62.9% in 2023.

Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.

United Wholesale Mortgage ranked as the top producer of purchase mortgages in the first nine months of 2023 with $73.17 billion.

Fitch adjusted its outlook for the mortgage insurance industry from “deteriorating” to “neutral.”

Seeing plenty of room in FHA's capital ratio, lender trade groups are calling for an end to FHA's requirement of MI for the life of the mortgage.

“We have shown it is possible to meet the mission while also being fiscally prudent and being a good steward of taxpayer funds,” said FHA Commissioner Julia Gordon.

Private mortgage insurers' share of primary mortgage insurance activity has dropped to its lowest level since early 2021.

GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.

PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.

Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.