MGIC Releases Monthly Operating Statistics and Schedules 4th Quarter Earnings Call
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.
January 2013 |
||
Primary New Insurance Written ($Billions) |
$2.2 |
|
Beginning Primary Delinquent Inventory (# of loans) |
139,845 |
|
Plus: New Notices |
11,098 |
|
Less: Cures (1) |
9,627 |
|
Less: Paids (including those charged to a deductible or captive) |
3,248 |
|
Less: Rescissions and Denials (2) |
221 |
|
Ending Primary Delinquent Inventory (# of loans) |
137,847 |
(1) |
993 loans were cured during January as a result of the aggregate loss limits on certain policies being reached. These policies are not related to the recently disclosed Freddie Mac Settlement. |
(2) |
Refer to our Form 10-Q filed with the Securities and Exchange Commission on November 9, 2012, for information about our suspension of certain rescissions and the number of rescissions suspended as of September 30, 2012. |
Additionally MTG announced plans to release its 4th quarter 2012 financial results before the market opens on
To attend the webcast, go to http://mtg.mgic.com, click on the "Investor Information" button. The call will be broadcast live over the internet, and replays will be available on the web following the call.
Individuals interested in joining over the phone please dial 1-866-847-7859 ten minutes before the conference call begins.
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
From time to time
SOURCE
Investor Contact, Michael J. Zimmerman, +1-414-347-6596, mike_zimmerman@mgic.com; Media Contact, Katie Monfre, +1-414-347-2650, katie_monfre@mgic.com