MILWAUKEE, July 8, 2015 /PRNewswire/ -- MGIC Investment
Corporation (NYSE: MTG) has announced plans to release its
2nd quarter 2015 financial results before the market
opens on Thursday, July 16, 2015. A
conference call/webcast has been scheduled for 10:00 a.m. Eastern Time to discuss the Company's
results for the quarter ended June 30,
2015.
Individuals interested in joining over the phone should dial
1-866-793-1299 ten minutes before the conference call begins. The
call is also being webcast and can be accessed via the company's
website http://mtg.mgic.com under Investor Information. A replay of
the webcast will be available on the company's website through
August 15, 2015, under Investor
Information.
MGIC also today issued an Operational Summary of its insurance
subsidiaries for the month of June
2015 for their primary mortgage insurance. The summary
is also available on the company's website under Investor
Information, Press Releases.
The information concerning new notices and cures is compiled
from reports received from loan servicers. The level of new
notice and cure activity reported in a particular month can be
influenced by, among other things, the date on which a servicer
generates its report, the number of business days in a month, and
by transfers of servicing between loan servicers.
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June
2015
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|
Primary New Insurance
Written (Billions)
|
|
$4.5
|
|
|
|
|
Beginning Primary
Delinquent Inventory (# of loans)
|
|
68,224
|
|
Plus: New
Notices
|
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6,346
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|
Less:
Cures
|
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5,611
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|
Less: Paids
(including those charged to a deductible or captive)
|
|
1,417
|
|
Less: Rescissions and
Denials (1)
|
|
64
|
|
Less: Items removed
from inventory resulting from a prior rescission settlement
(1)
|
|
1,121
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|
Ending Primary
Delinquent Inventory (# of loans)
|
|
66,357
|
|
|
|
(1)
|
Refer to our Form 10-Q filed with the Securities and
Exchange Commission on May 7, 2015 for information about our
suspension of certain rescissions and the number of rescissions
suspended as of March 31, 2015.
|
About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping
families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality. At March 31, 2015, MGIC had $166.1 billion of primary insurance in force
covering approximately one million mortgages.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website without making
any other disclosure and intends to continue to do so in the
future. Investors and other interested parties are encouraged to
enroll to receive automatic email alerts and Really Simple
Syndication (RSS) feeds regarding new postings. Enrollment
information can be found at http://mtg.mgic.com under Investor
Information.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/mgic-investment-corporation-schedules-2nd-quarter-2015-earnings-call-and-releases-monthly-operating-statistics-300109801.html
SOURCE MGIC Investment Corporation