MGIC Investment Corporation Schedules 2nd Quarter 2019 Earnings Call and Releases Monthly Operating Statistics
Individuals interested in joining over the phone should dial 1-866-834-4126 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.
June 2019 |
June 2018 |
Change |
|||||||||
Insurance in force (billions) |
$ |
213.9 |
$ |
200.7 |
6.6 |
% |
|||||
Flow only |
$ |
207.7 |
$ |
193.3 |
7.5 |
% |
|||||
Beginning Primary Delinquent Inventory (# of loans) |
29,737 |
37,264 |
(20.2) |
% |
|||||||
Plus: New Delinquency Notices |
4,450 |
4,274 |
4.1 |
% |
|||||||
Less: Cures |
4,022 |
4,954 |
(18.8) |
% |
|||||||
Less: Paids |
353 |
516 |
(31.6) |
% |
|||||||
Less: Rescissions and Denials |
17 |
31 |
(45.2) |
% |
|||||||
Ending Primary Delinquent Inventory (# of loans) (1) |
29,795 |
36,037 |
(17.3) |
% |
|||||||
(1) June 2018 ending primary delinquent inventory was impacted by hurricanes Harvey, Irma, and Maria, which occurred in August - September 2017. The number of loans in ending primary delinquent inventory from geographical areas that the Federal Emergency Management Agency declared Individual Assistance Disaster Areas as a result of those hurricanes was 4,587 in June 2019, 7,828 in June 2018, and 5,958 in June 2017. |
About MGIC
Mortgage Guaranty Insurance Corporation "MGIC" (www.mgic.com), the principal subsidiary of
From time to time
View original content:http://www.prnewswire.com/news-releases/mgic-investment-corporation-schedules-2nd-quarter-2019-earnings-call-and-releases-monthly-operating-statistics-300880979.html
SOURCE
Investor Contact, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com