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Business Grows, But Defaults Rise.(mortgage insurance industry)(Brief Article)
Spurred by heavy lending volume, the private mortgage insurance industry reported an increase in new MI policies in August, but a slowing economy is showing its impact on the back-end of the business.
New MI defaults outpaced cures in August, as the industry's trade group reported 43,451 defaults compared to 37,432 cures.
Last year, the industry reported 374,754 defaults compared to 298,534 cures. That gave the industry a ...
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Source: HighBeam Research, Business Grows, But Defaults Rise.(mortgage insurance industry)(Brief...