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.
November 2013 |
||
Primary New Insurance Written (Billions) |
$2.2 |
|
Beginning Primary Delinquent Inventory (# of loans) |
109,629 |
|
Plus: New Notices |
8,012 |
|
Less: Cures |
8,459 |
|
Less: Paids (including those charged to a deductible or captive) |
2,553 |
|
Less: Rescissions and Denials |
146 |
|
Less: Items removed from inventory resulting from Countrywide Settlement on GSE loans (1) |
1,846 |
|
Ending Primary Delinquent Inventory (# of loans) |
104,637 |
(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 1,846 loans reduce the number of suspended rescissions that were in our Ending Primary Delinquent Inventory as of October 31, 2013. |
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Investor Contact: Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com, or Media Contact: Katie Monfre, (414) 347-2650, katie_monfre@mgic.com