PMI grabs market share from government
By Ben Lane | HousingWire
Private mortgage insurance activity rose sharply in the second quarter, grabbing the lead in market share from the Federal Housing Administration for the first time since the first quarter of 2015, according to a client note from Compass Point Research & Trading.
According to the Compass Point note, authored by analysts Amy DeBone, Fred Small and Isaac Boltansky, the PMI share of the mortgage insurance market rose to 37% in the second quarter, while the FHA share of the MI market fell from 40% to 34%.