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Article: Major moves ahead for MIs. (mortgage insurance industry)
- Article from:
- Mortgage Banking
- Article date:
- April 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Some trends affecting the mortgage insurance industry suggest that consolidation may be in the cards for the MI business.
The private Mortgage Insurance (MI) industry in the United States consists of eight active groups. The industry also includes entities in certain states such as California, Maryland and New York that provide mortgage insurance; however, those entities will not be the focus of this article. In addition, Australia, New Zealand, Canada and the United Kingdom have active MI industries.
The eight MI groups we consider in this analysis represent the lead companies in the United States providing mortgage insurance. It should be noted that some ...