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

January 8, 2013 7:07 AM EST Send to a Friend
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)




$2.2






Beginning Primary Delinquent Inventory (# of loans)




143,153



Plus: New Notices




10,314



Less: Cures (1)




10,150



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




3,297



Less: Rescissions and Denials (2)




175



Ending Primary Delinquent Inventory (# of loans)




139,845





(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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