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.
December 2013 |
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Primary New Insurance Written (Billions) |
$2.1 |
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Beginning Primary Delinquent Inventory (# of loans) |
104,637 |
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Plus: New Notices |
8,980 |
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Less: Cures |
7,259 |
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Less: Paids (including those charged to a deductible or captive) |
2,445 |
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Less: Rescissions and Denials |
158 |
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Less: Items removed from inventory resulting from Countrywide Settlement on GSE loans (1) |
427 |
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Ending Primary Delinquent Inventory (# of loans) |
103,328 |
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(1) |
Refer to our Form 10-Q filed with the Securities and Exchange Commission on November 8, 2013, for information about our suspension of certain rescissions and the number of rescissions suspended as of September 30, 2013. These 427 loans reduce the number of suspended rescissions that were in our Ending Primary Delinquent Inventory as of November 30, 2013. |
Additionally MTG announced plans to release its 4th quarter 2013 financial results before the market opens on
Individuals interested in joining over the phone please dial 1-866-206-7204 ten minutes before the conference call begins. The call is also being webcast which can be accessed via the company's website http://mtg.mgic.com and clicking on the "Investor Information" button. The webcast will be available for replay on the company's website through
About MGIC
MGIC (www.mgic.com), the principal subsidiary of
From time to time
SOURCE
Investors, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com, or Media, Katie Monfre, (414) 347-2650, katie_monfre@mgic.com