CMAC Investment Corp., the parent of Commonwealth Mortgage Assurance Co., has reported second quarter net income of $22.2 million ($0.91 per share), up 20% from $18.6 million ($0.76 per share) a year ago.New insurance written totaled $5.7 billion, an 80% increase from the second quarter of 1997. "This volume growth drove our primary insurance-in-force to more than $50 billion at June 30, 1998, which is particularly significant in this active refinance environment," said CMAC president and chief executive officer Frank P. Filipps.
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