August: More Borrowers Using Private Mortgage Insurance

Posted on Sep 28, 2012

More borrowers used private mortgage insurance in the month of August to when buying or or refinaning a home mortgage, according to data from the Mortgage Insurance Companies of America.

The industry trade group reached that conclusion by analyzing data from its members firms.

The uptick in borrowers using MI is good news for an industry reliant on building up its capital reserves in the face of challenges. However, the sector remains mired in uncertainty caused by today's economic landscape and a lack of clarity about the future of mortgage insurance in the lending process.

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