Mortgage insurers wrote $20.97 billion of coverage in December, up 28% from November, according to the Mortgage Insurance Companies of America.

The coverage was applied to 164,080 loans, up 27.5%, the trade group said.

Of loans that were defaulting, 29,958 were brought back to performing status. But 34,365 new defaults were reported, offsetting the recoveries.

The association also tracks the use of insurance to bolster securitized mortgage loans, which totaled $178 million in December, up 30% from November.

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