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.
February 2014 |
||
Primary New Insurance Written (Billions) |
$1.5 |
|
Beginning Primary Delinquent Inventory (# of loans) |
102,351 |
|
Plus: New Notices |
7,403 |
|
Less: Cures |
9,687 |
|
Less: Paids (including those charged to a deductible or captive) |
2,375 |
|
Less: Rescissions and Denials (1) |
104 |
|
Ending Primary Delinquent Inventory (# of loans) |
97,588 |
|
(1) Refer to our Form 10-K filed with the Securities and Exchange Commission on February 28, 2014 for information about our suspension of certain rescissions and the number of rescissions suspended as of December 31, 2013. |
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MGIC (www.mgic.com), the principal subsidiary of
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Investor Contact: Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com, or Media Contact: Katie Monfre, (414) 347-2650, katie_monfre@mgic.com