Skip to main content

MICA monthly report: MI remains strong

Nov 02, 2009

Mortgage Insurance Companies of America (MICA) has released its monthly statistical report for September with member companies reporting a total of $892,731 million in primary insurance in force for the month. “Mortgage insurers are working to bring stability to the housing market, paying claims as they come due and helping to keep troubled borrowers in their homes and prevent foreclosures,” said Suzanne C. Hutchinson, executive vice president of MICA. “In fact, in the first half of 2009, mortgage insurers completed over 100,000 loan workouts.” MICA reported the following additional key private mortgage insurance industry statistics for the month of September: ● Dollar volume: The dollar volume of primary new insurance written on newly originated conventional mortgage loans totaled $4,825.5 million in September, including HARP originations. ● Certificates issued: MICA’s members reported that 22,768 borrowers used private mortgage insurance to buy or refinance a home in September. ● Applications: The number of private mortgage insurance applications received in September by MICA’s members totaled 30,221. ● Defaults and cures: MICA’s members reported 92,292 defaults and 59,750 cures in September. The statistics in this month’s report include data from the following MICA member companies: Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, PMI Mortgage Insurance Company, Radian Guaranty Inc., Republic Mortgage Insurance Company and United Guaranty Corporation. Click here for September 2009's Insurance Activity Report. For more information, visit
About the author
Nov 02, 2009
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024