Average loan sizes on mortgage applications are shrinking.

State Farm has a 20% share of the homeowners market in the Golden State...

There's some competition between FHA and private mortgage insurance companies, though much of their business is focused on different sets of borrowers.

Government MI volume slid 19.0% to an estimated $71.38 billion.

Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.

The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.

Time to re-up on the MI tax break?

Private MI and VA saw the biggest declines during the period.

"It's our goal is to fill this important position with the right candidate and the search is well underway," a company spokesman said.

The insured-mortgage market was more resilient because 65.2% of agency purchase loans carried some primary coverage in 2022.