MGIC Releases Monthly Operating Statistics
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.
May 2013 |
||
Primary New Insurance Written (Billions) |
$2.8 |
|
Beginning Primary Delinquent Inventory (# of loans) |
122,055 |
|
Plus: New Notices |
8,521 |
|
Less: Cures |
8,294 |
|
Less: Paids (including those charged to a deductible or captive) |
3,046 |
|
Less: Rescissions and Denials (1) |
145 |
|
Ending Primary Delinquent Inventory (# of loans) |
119,091 |
(1) |
Refer to our Form 8-K filed with the Securities and Exchange Commission on April 30, 2013, for information about our suspension of certain rescissions and the number of rescissions suspended as of March 31, 2013. |
About MGIC
MGIC, the principal subsidiary of
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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