MGIC Releases Monthly Operating Statistics
MILWAUKEE, May 8, 2013
MILWAUKEE, May 8, 2013 /PRNewswire/ --MGIC Investment Corporation (NYSE: MTG)
today issued an Operational Summary of its insurance subsidiaries for the
month of April 2013 for their primary mortgage insurance. The summary is also
available on the company's website at http://mtg.mgic.com, under Investor
Information, Press Releases.
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.
Primary New Insurance Written (Billions) $2.4
Beginning Primary Delinquent Inventory (# of loans) 126,610
Plus: New Notices 7,785
Less: Cures 9,238
Less: Paids (including those charged to a deductible or captive) 2,942
Less: Rescissions and Denials (1) 160
Ending Primary Delinquent Inventory (# of loans) 122,055
(1) Refer to our Form 8-K filed with the Securities and Exchange Commission
onApril 30, 2013, for information about our suspension of certain rescissions
and the number of rescissions suspended as ofMarch 31, 2013.
MGIC, the principal subsidiary of MGIC Investment Corporation, is the nation's
largest private mortgage insurer as measured by $159.5 billion primary
insurance in force covering 1.0 million mortgages as of March 31, 2013. MGIC
serves lenders throughout the United States, Puerto Rico, and other locations
helping families achieve homeownership sooner by making affordable low-down
payment mortgages a reality.
From time to time, MGIC Investment Corporation releases important information
via postings on its corporate website without making any other disclosure, and
it intends to continue to do so in the future. Investors and other interested
parties are encouraged to enroll to receive automatic email alerts and Really
Simple Syndication (RSS) feeds regarding new postings. Enrollment information
can be found at http://mtg.mgic.comunder Investor Information.
SOURCE MGIC Investment Corporation
Contact: Investor Contact: Michael J. Zimmerman, (414) 347-6596,
email@example.com, Media Contact: Katie Monfre, (414) 347-2650,
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