Stabilizing real estate markets have prompted at least one mortgage insurance company to remove nearly four dozen markets from its list of declining markets.
The update was announced today by United Guaranty in bulletin CA 2010-01.
The mortgage insurer said 45 markets are being removed from its declining market list. The update is effective on Jan. 8.
But two markets were added to the list. United said loans in those markets will be subject to its declining market list beginning on Jan. 26.