The housing market has been racing back, and that's meant good times for a variety of groups from banks and homebuilders to millions of homeowners. But one industry hit particularly hard during the housing meltdown may be overlooked as a way to invest in the "housing comeback" theme.

Mortgage insurers like Radian Group (NYSE:RDN) and MGIC Investment (NYSE:MTG) got clobbered during the downturn, but now appear to be firmly on the comeback trail. But new competition materialized during the crisis -- Essent Group -- and that company is about to hit the public markets.

In the video below, Motley Fool financials analyst Matt Koppenheffer breaks down the situation.

Matt Koppenheffer owns shares of Goldman Sachs, JPMorgan Chase, American International Group, and Genworth Financial. The Motley Fool recommends American International Group and Goldman Sachs. The Motley Fool owns shares of American International Group and JPMorgan Chase and has the following options: long January 2014 $25 calls on American International Group. Try any of our Foolish newsletter services free for 30 days.

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