MILWAUKEE, Aug. 10, 2015 /PRNewswire/ -- MGIC
Investment Corporation (NYSE: MTG) today issued an Operational
Summary of its insurance subsidiaries for the month of July 2015 for their primary mortgage
insurance. The summary is also available on the company's
website at http://mtg.mgic.com, 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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July
2015
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Primary New Insurance
Written (Billions)
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$4.5
|
|
|
|
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Beginning Primary
Delinquent Inventory (# of loans)
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|
66,357
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|
Plus: New
Notices
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6,607
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|
Less:
Cures
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5,379
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Less: Paids
(including those charged to a deductible or captive)
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1,393
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Less: Rescissions and
Denials
|
|
71
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Ending Primary
Delinquent Inventory (# of loans)
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66,121
|
|
|
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(1)
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Refer to our
Form 8-K filed with the Securities and Exchange Commission on July
16, 2015 for information about our suspension of certain
rescissions and the number of rescissions suspended as of June 30,
2015.
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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 June 30, 2015, MGIC had $168.8 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-releases-monthly-operating-statistics-300125627.html
SOURCE MGIC Investment Corporation