FHA marketshare has fallen since January 2010 from 80% to 63 as of September 2012. Corresponding, Radian and other mortgage insurers percentage has increased to 37%.
Radian and AIG each have 29%, MGIC has 20%, and Genworth has 13%, and remainder is made up of smaller start-ups including essent guaranty of the private mortgage insurance sector.
Start up PMIs are eager yo get into the lucrative mortgage insurance market but, it's not easily done create to get the necessary business contacts. Radian has expanded it's business over a very diversified base of customers with no customer having more than 10% of it's insurance issuance.
Look for Radian to expand beyond the$36 billion for2012 of insurance to around $48 billions in 2013.based on the FHA business and increased marketshare from other insurers.