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 2015 |
||
Primary New Insurance Written (Billions) |
$2.5 |
|
Beginning Primary Delinquent Inventory (# of loans) |
80,144 |
|
Plus: New Notices |
5,640 |
|
Less: Cures |
8,727 |
|
Less: Paids (including those charged to a deductible or captive) |
1,493 |
|
Less: Rescissions and Denials |
93 |
|
Ending Primary Delinquent Inventory (# of loans) |
75,471 |
(1) |
Refer to our Form 10-K filed with the Securities and Exchange Commission on February 27, 2015 for information about our suspension of certain rescissions and the number of rescissions suspended as of December 31, 2014. |
February cures and rescissions include an adjustment reclassifying 24 January cures to rescissions. |
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
From time to time
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgic-releases-monthly-operating-statistics-300046910.html
SOURCE
Investor Contact, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com; Media Contact, Katie Monfre, (414) 347-2650, katie_monfre@mgic.com