Though we went through a slump during the summer, the housing market's recovery has been one of the central players in the overall economic recovery. Since housing plays such a crucial role in our nation's financial health, there are plenty of reasons why an investment in that sector would be attractive. But Motley Fool contributor Jessica Alling wants you to know that there may be a better option than the traditional investments in either homebuilders or home-improvement stores. Look no further than private mortgage insurers like American International Group (NYSE:AIG), Radian Group (NYSE:RDN), and Genworth Financial (NYSE:GNW). Jessica details the current rise in the PMIs' success and why they present attractive investment opportunities.

Fool contributor Jessica Alling has no position in any stocks mentioned. The Motley Fool recommends and owns shares of American International Group and has the following options: long January 2014 $25 calls. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.