Mortgage insurers wrote $15.93 billion of coverage in May, down 1.7% from April, according to the Mortgage Insurance Companies of America.

The coverage was applied to 123,284 loans, down 1.6%.

The trade group said issuers bought $120.1 million of insurance to bolster loan pools, down 17.2%.

Data on May defaults were unavailable. In April, 32,203 defaulted loans were brought back to performing status, more than offsetting 25,643 new defaults.

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