Private mortgage insurers' interest in providing deeper coverage of government-sponsored enterprise loans is growing following the release of new private MI eligibility requirements — if they can overcome other hurdles standing in the way of this emerging growth opportunity.

Deep coverage MI differs from traditional private mortgage insurance in that it protects investors against a larger share of losses in the case of a mortgage default. It's not a new concept, but has gained renewed interest as the GSEs work to simultaneously reduce their overall risk exposure and increase consumer access to mortgage credit with low down payment loan products.

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