MGIC Investment Corporation Releases Monthly Operating Statistics
The information concerning new delinquency 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.
February 2015 |
February 2016 |
Change |
||
Insurance in Force (billions) |
$165.8 |
$174.9 |
5.5% |
|
Beginning Primary Delinquent Inventory (# of loans) |
80,144 |
62,774 |
(21.7%) |
|
Plus: New Delinquency Notices |
5,640 |
5,422 |
(3.9%) |
|
Less: Cures |
8,751 |
6,748 |
(22.9%) |
|
Less: Paids (including those charged to a deductible or captive reinsurer) |
1,493 |
1,120 |
(25.0%) |
|
Less: Rescissions and Denials (1) |
69 |
86 |
24.6% |
|
Ending Primary Delinquent Inventory (# of loans) |
75,471 |
60,242 |
(20.2%) |
(1) |
Refer to our Form 10-K filed with the Securities and Exchange Commission on February 26, 2016 for information about our suspension of certain rescissions and the number of rescissions suspended as of December 31, 2015. |
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
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SOURCE
Investor, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com; Media, Katie Monfre, (414) 347-2650, katie_monfre@mgic.com