MGIC Investment Corporation Releases Monthly Operating Statistics
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 number of business days in a month, and by transfers of servicing between loan servicers.
October 2016 |
October 2015 |
Change |
||
Insurance in Force (billions) |
$180.7 |
$173.2 |
4.3% |
|
Flow Only |
$171.2 |
$162.5 |
5.4% |
|
Beginning Primary Delinquent Inventory (# of loans) |
51,433 |
64,642 |
(20.4%) |
|
Plus: New Delinquency Notices |
5,519 |
6,359 |
(13.2%) |
|
Less: Cures |
5,335 |
5,561 |
(4.1%) |
|
Less: Paids (including those charged to a deductible or captive reinsurer) |
966 |
1,203 |
(19.7%) |
|
Less: Rescissions and Denials (1) |
39 |
81 |
(51.9%) |
|
Ending Primary Delinquent Inventory (# of loans) |
50,612 |
64,156 |
(21.1%) |
(1) |
Refer to our Form 10-Q filed with the Securities and Exchange Commission on November 6, 2015 for information about our prior suspension of certain rescissions and the number of rescissions suspended as of September 30, 2015. There were no rescissions suspended as of October 31, 2016. |
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SOURCE
Investor Contact: Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com; Media Contact: Katie Monfre, (414) 347-2650, katie_monfre@mgic.com