There was $12.3 billion of primary new insurance written in June, making five months in a row where there has been an increase, according to statistics from the Mortgage Insurance Cos. of America.
Furthermore, primary insurance-in-force increased by $3 billion during the month, compared with a $1.8 billion increase between April and May.
Only three of the industry’s underwriters are members of MICA: MGIC, Radian and Genworth. MICA numbers also include HARP volume as NIW, where individual company data typically do not.
MICA members did
Applications received fell to 52,570 from 55,535 in May.
The cure/default ratio for June is 82.1%, with 16,816 cures and 20,489 new notices of default. May’s ratio was 88.8% and June 2012’s was 70.8%.
