August was the best month of the year so far for new business at the nation's private mortgage insurers, with $6.4 billion of primary new insurance written. There was also a slight month-to-month improvement in the cure/default ratio, according to data collected by the Mortgage Insurance Cos. of America.

August's volume, all but $16 million of which came through the traditional channel, tops the $5.8 billion originated in July; there was also $5.8 billion in volume in August 2009.

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