MGIC Releases Monthly Operating Statistics
MILWAUKEE, Dec. 9, 2013
MILWAUKEE, Dec. 9, 2013 /PRNewswire/ --MGIC Investment Corporation (NYSE:
MTG) today issued an Operational Summary of its insurance subsidiaries for the
month of November 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) $2.2
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 2,553
Less: Rescissions and 146
Less: Items removed from inventory resulting from Countrywide Settlement on GSE loans (1) 1,846
Ending Primary Delinquent Inventory (# of loans) 104,637
Refer to our Form 10-Q filed with the Securities and Exchange Commission
on November 8, 2013, for information about our suspension of certain
(1) 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.
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation,
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. At September 30, 2013 MGIC had over
$159 billion of primary insurance in force covering 1.0 million mortgages.
From time to time MGIC Investment Corporation releases important information
via postings on its corporate website without making any other disclosure and
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.com under Investor Information.
SOURCE MGIC Investment Corporation
Contact: Investor Contact: Michael J. Zimmerman, (414) 347-6596,
firstname.lastname@example.org, or Media Contact: Katie Monfre, (414) 347-2650,
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