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 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.
April 2017 |
April 2016 |
Change |
||
Insurance in Force (billions) |
$184.3 |
$175.2 |
5.2% |
|
Flow Only |
$175.3 |
$165.0 |
6.2% |
|
Beginning Primary Delinquent Inventory (# of loans) |
45,349 |
55,590 |
(18.4%) |
|
Plus: New Delinquency Notices |
4,281 |
4,887 |
(12.4%) |
|
Less: Cures |
5,661 |
5,855 |
(3.3%) |
|
Less: Paids (including those charged to a deductible or captive reinsurer) |
838 |
1,100 |
(23.8%) |
|
Less: Rescissions and Denials |
28 |
33 |
(15.2%) |
|
Ending Primary Delinquent Inventory (# of loans) |
43,103 |
53,489 |
(19.4%) |
About MGIC
MGIC (www.mgic.com), 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