Mortgage insurers wrote $16.4 billion of coverage in November, down 8.6% from October, according to the Mortgage Insurance Companies of America.

The coverage was applied to 128,652 loans, down 7.4%, the trade group said.

Defaulted loans that were brought back to performing status totaled 29,503. But 32,989 new defaults were reported, offsetting the recoveries.

The association also tracks the use of insurance to bolster securitized mortgage loans, which totaled $136.9 million in November, down 7.2%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.