MGIC Investment (MTG) Delinquent Inventory Fell 3,308 in December

January 8, 2013 7:07 AM EST
MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of its insurance subsidiaries for the month of December 2012 for their primary mortgage insurance.

December 2012

Primary New Insurance Written ($Billions)


Beginning Primary Delinquent Inventory (# of loans)


Plus: New Notices


Less: Cures (1)


Less:  Paids (including those charged to a deductible or captive)


Less: Rescissions and Denials (2)


Ending Primary Delinquent Inventory (# of loans)


(1) 941 loans were cured during December as a result of the aggregate loss limits on certain policies being reached. These policies are not related to the recently disclosed Freddie Mac settlement.

(2) Refer to our Form 10-Q filed with the Securities and Exchange Commission on November 9, 2012, for information about our suspension of certain rescissions and the number of rescissions suspended as of September 30, 2012.

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