Private mortgage insurance industry experiencing renaissance

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The private mortgage insurance industry is experiencing what may be the beginning of a renaissance as it rides the back of a housing recovery and assumes a bigger role in mortgage finance as the government attempts to retreat from the market, Bloomberg reports.

Essent Group Ltd. filed for an IPO last week, becoming the first home-loan guarantor to do so in nearly 20 years, and mortgage insurers Radian and MGIC have more than doubled this year in New York trading, according to Bloomberg.

Source: Bloomberg