According to CNBC, private mortgage insurers (MI) have emerged from the deep abyss they fell into during the financial crisis, with six key MI firms writing nearly $49 billion in new business in the second quarter, up 27% from the first quarter. CNBC highlighted a few other successes within the firms' portfolios:
"Delinquencies are down, and the companies have recapitalized," said Bose George, an analyst at Keefe Bruyette & Woods. "At the same time, FHA is reducing its role in the market, so this has given them significant growth opportunities. … The companies have reversed their position and are starting to show modest profitability."
