MGIC Investment Corporation Schedules 3rd Quarter 2017 Earnings Call and Releases Monthly Operating Statistics
Individuals interested in joining over the phone should dial 1-844-231-8825 ten minutes before the conference call begins. 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 accuracy of the data provided by servicers, the number of business days in a month, transfers of servicing between loan servicers, and whether all servicers have provided the reports in a given month.
September 2017 |
September 2016 |
Change |
||
Insurance in Force (billions) |
$191.0 |
$180.1 |
6.0% |
|
Flow Only |
$182.7 |
$170.5 |
7.1% |
|
Beginning Primary Delinquent Inventory (# of loans) |
40,904 |
51,642 |
(20.8%) |
|
Plus: New Delinquency Notices |
5,518 |
6,019 |
(8.3%) |
|
Less: Cures |
4,483 |
5,173 |
(13.3%) |
|
Less: Paids (including those charged to a deductible or captive reinsurer) |
662 |
1,010 |
(34.5%) |
|
Less: Rescissions and Denials |
32 |
45 |
(28.9%) |
|
Less: Items removed from inventory (1) |
10 |
0 |
||
Ending Primary Delinquent Inventory (# of loans) |
41,235 |
51,433 |
(19.8%) |
(1) |
Includes loans whose insurance was terminated by agreement to settle coverage on certain non-performing loans. The agreement was effective in the third quarter of 2017 and did not have a material financial impact in either quarter. |
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