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cover story 16 | Th e M Rep o RT By Sandra Lane The RebiRth of Mi Rising from the Ashes of a Troubled Housing Market, Today's Mortgage Insurance Companies Are Stronger Than Ever I t's like the corporate version of the movie "Rocky." Many thought the mortgage insurance industry was down for the count. During the mortgage meltdown of 2007 through 2009, MI companies were staggering under a deluge of claims, wondering if there would be enough capital to cover them all. In the beginning, as reality set in and MI companies began to realize the depth of the crisis, every day was a fight for survival, with each company scrambling to ensure its solvency. In the end, three of the seven private mortgage insurers did not survive. Now, like a phoenix rising from the ashes, the industry has emerged from the crisis stronger than ever, equipped with new ideas, new companies, and new capital.

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