Mortgage insurers wrote $16.7 billion of coverage in July, down 2.5% from June, according to the Mortgage Insurance Companies of America.

The coverage was applied to 132,371 loans, down 2.3%, the trade group said.

Defaulted loans that were brought back to performing status totalled 28,288. But 30,364 new defaults were reported, offsetting the recoveries.

The association also tracks the use of insurance to bolster securitizations of mortgage loans, which totaled $156 million in July, up 24%.

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