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Celebrating 25 years of service to our clients
"We are on top of the
changing regulations and stay
ahead of our competition
by being a leader in training
and support in the state of
Tennessee."
PRIVATE MORTGAGE
INSURERS INCREASE
BUSINESS ACTIVITY
Private mortgage insurers reported a slight
increase in activity in July.
According to data released by Mortgage
Insurance Companies of America (MICA),
member companies issued 50,575 policies to start
the year's second half, up from 49,666 in June
and 39,192 in July 2012.
Dollar volume of primary new insurance
written totaled $13 billion, marking the fifth
straight month of gains. (Despite a decline in
policies issued in June, dollar volume still saw an
increase to $12.3 billion.)
Total primary insurance in force was $413
billion as of the end of July, the companies
reported.
After falling in June, the number of private
mortgage insurance applications ticked up in
July, climbing to 53,502—indicating another
potential increase in activity in the near future.
Meanwhile, MICA members reported
21,930 defaults and 17,156 cures in July, bringing
the cure-to-default ratio down to 78.2 percent—
its lowest level since last September.
Statistics came from Genworth Mortgage
Insurance Corporation, Mortgage Guaranty
Insurance Corporation, and Radian Guaranty Inc.
STAT INSIGHT
New SingleFamily Business
Avg. FICO score
O U R
S E R V I C E S
I N C L U D E :
FORECLOSURE | EVICTIONS | REO CLOSINGS | BANKRUPTCY
TITLE RESOLUTION | DEEDS IN LIEU | LITIGATION
A F F I L I A T I O N S :
Real Estate Owned Managers Association (REO Mac)
United Trustees Association (UTA)
California Mortgage Bankers Association (CMBA)
American Legal & Financial Network (ALFN)
Mortgage Bankers Association (MBA)
901-767-5566 Phone
901-761-5690 Fax
jlipford@logs.com Email
W W W. K I R S C H AT T O R N E Y S . C O M
36
Fannie Mae =
756
751
Freddie Mac =
Source: Federal Housing Finance Agency on
credit quality in the first half of 2013
