Despite the circulating economic d...

Despite the circulating economic downturn, the U.S. housing market remains hasty which is good news for the mortgage guaranty insurance industry.

The Office of Federal Housing Enterprise Oversight estimates that hearth prices rose 6.89% during the fourth quarter of 2002 compared with the same period in 2001 .According to the National Association of Realtors, 557 million firesides were sold in 2002, a 6% increase from the 530 million sold in 2001 The mortgage guaranty insurance industry reported $37 billion in underwriting receipts an 11% increase over 2000

The primary and secondary mortgage markets play a