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.
October 2014 |
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Primary New Insurance Written (Billions) |
$3.3 |
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Beginning Primary Delinquent Inventory (# of loans) |
83,154 |
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Plus: New Notices |
7,543 |
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Less: Cures |
6,564 |
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Less: Paids (including those charged to a deductible or captive) |
1,704 |
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Less: Rescissions and Denials (1) |
60 |
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Ending Primary Delinquent Inventory (# of loans) |
82,369 |
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(1) Refer to our Form 8-K filed with the Securities and Exchange Commission on July 16, 2014 for information about our suspension of certain rescissions and the number of rescissions suspended as of June 30, 2014. |
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
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SOURCE
Media Contact: Katie Monfre, (414) 347-2650, katie_monfre@mgic.com, and Investor Contact: Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com