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.
August 2013 |
||
Primary New Insurance Written (Billions) |
$2.9 |
|
Beginning Primary Delinquent Inventory (# of loans) |
115,755 |
|
Plus: New Notices |
9,066 |
|
Less: Cures |
8,422 |
|
Less: Paids (including those charged to a deductible or captive) |
2,894 |
|
Less: Rescissions and Denials (1) |
177 |
|
Ending Primary Delinquent Inventory (# of loans) |
113,328 |
(1) Refer to our Form 8-K filed with the Securities and Exchange Commission on July 23, 2013, for information about our suspension of certain rescissions and the number of rescissions suspended as of June 30, 2013. |
About MGIC
MGIC, the principal subsidiary of
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SOURCE
Investor Contact, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com, or Media Contact, Katie Monfre, (414) 347-2650, katie_monfre@mgic.com