LOS ANGELES - Better performance of mortgage insurers this year is a credit positive for state housing finance agency single family whole loan programs that rely on mortgage insurers to protect against mortgage defaults, Moody’s Investors Service said Friday.

Several private U.S. mortgage insurers, including Genworth Mortgage Insurance Corp., Mortgage Guaranty Insurance Corp, Radian Mortgage Assurance Corp., and United Guaranty Residential Insurance Co., have reported higher operating income in the first quarter of 2013 than the first quarter of 2012.

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