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 (RDN 0.99%) and MGIC Investment (MTG 1.11%) 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.