Mortgage insurers wrote $19 billion of coverage in March, up 27.8%from a year earlier, according to the Mortgage Insurance Companies of America.

The coverage was applied to 151,309 loans, up 27.9%.

Defaulted loans brought back to performing status totaled 34,675, offset by 31,178 new defaults.

The trade group said lenders also bought $175.6 million of insurance to bolster loan pools, up 29.2%.

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