Industry NewsMortgage

FHA regaining market share

Private mortgage insurance losing favor
Published on Aug 29, 2008

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by CareyBot

Private mortgage insurers saw demand hit a low for the year in July, with applications falling 4.6 percent from the previous month and 52 percent from a year ago, an industry group said.

The 86,734 applications received by private mortgage insurers in July continues a downward slide that began in the spring. Private mortgage insurance applications hit a high for 2008 in March, with 160,139 received, according to the Mortgage Insurance Companies of America.