MGIC Investment Corporation Schedules 4th Quarter 2016 Earnings Call and Releases Monthly Operating Statistics
Individuals interested in joining over the phone should dial (844) 656-4450 ten minutes before the conference call begins and provide the operator with the conference ID number 49691161. The call is also being webcast and can be accessed via the company's website http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the company's website through
MGIC also today issued an Operational Summary of its insurance subsidiaries for the month of
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.
December 2016 |
December 2015 |
Change |
||
Insurance in Force (billions) |
$182.0 |
$174.5 |
4.3% |
|
Flow Only |
$172.8 |
$164.0 |
5.3% |
|
Beginning Primary Delinquent Inventory (# of loans) |
50,136 |
62,445 |
(19.7%) |
|
Plus: New Delinquency Notices |
5,911 |
6,597 |
(10.4%) |
|
Less: Cures |
4,869 |
5,258 |
(7.4%) |
|
Less: Paids (including those charged to a deductible or captive reinsurer) |
838 |
1,070 |
(21.7%) |
|
Less: Rescissions and Denials (1) |
58 |
81 |
(28.4%) |
|
Ending Primary Delinquent Inventory (# of loans) |
50,282 |
62,633 |
(19.7%) |
(1) |
Refer to our Form 10-K filed with the Securities and Exchange Commission on February 26, 2016 for information about our prior suspension of certain rescissions and the number of rescissions suspended as of December 31, 2015. There were no rescissions suspended as of December 31, 2016. |
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
From time to time
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SOURCE
Investor Contact: Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com; Media Contact: Katie Monfre, (414) 347-2650, katie_monfre@mgic.com