WASHINGTON - The net volume of primary mortgage insurance written on new single-family mortgages dropped by 0.5% in April, to $6.9 billion, according to the Mortgage Insurance Companies of America.

The trade association said there were 20,675 new defaults in the month and 22,596 defaults were resolved, for a net improvement of about 2,000. A month earlier, the industry experienced a net deterioration of about 2,000.

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