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Volume 2014 - Number 10

March 13, 2014

Industry Support Strong for New MI Trade Association, MICA Did its Job But Fell Short in the End, Observers Say

The desire of the private mortgage industry to make a clean break from the past and repair its tarnished image caused the demise of the Mortgage Insurance Companies of America and fueled the creation of a new trade association that would strongly represent the industry’s interests in Washington, DC, and among the states. Conversations with various industry participants show significant support for the new trade association, U.S. Mortgage Insurers, which now represents six of the seven active firms in the industry. AIG affiliate United Guaranty has declined...

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