MILWAUKEE, Nov. 9, 2015 /PRNewswire/ -- MGIC Investment
Corporation (NYSE: MTG) today issued an Operational Summary of its
insurance subsidiaries for the month of October 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.
|
|
October
2015
|
Primary New Insurance
Written (Billions)
|
|
$3.5
|
|
|
|
Beginning Primary
Delinquent Inventory (# of loans)
|
|
64,642
|
Plus: New
Notices
|
|
6,359
|
Less:
Cures
|
|
5,561
|
Less: Paids
(including those charged to a deductible or captive)
|
|
1,203
|
Less: Rescissions and
Denials
|
|
81
|
Ending Primary
Delinquent Inventory (# of loans)
|
|
64,156
|
|
|
|
(1)
|
Refer to our Form 8-K
filed with the Securities and Exchange Commission on October 15,
2015 for information about our suspension of certain rescissions
and the number of rescissions suspended as of September 30,
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 September 30, 2015, MGIC had $172.7 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, including
corrections of previous disclosures, 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-300174516.html
SOURCE MGIC Investment Corporation