Private MIs Still Paddling Upstream in Early 2009 As FHA Continues to Dominate Insured Market
May 14, 2009
Private mortgage insurers posted another round of huge losses during the first quarter of 2009, as rising defaults and claims swamped industry efforts to seek less risky business and aggressively pursue loss mitigation strategies. According to a new Inside Mortgage Finance analysis, the six private MIs still writing new business posted an... [Includes four charts]