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March 06, 2012 at 07:00 AM EST
MGIC Releases Monthly Operating Statistics

MILWAUKEE, March 6, 2012 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today issued an Operational Summary for the month of February 2012 for its primary mortgage insurance business.  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.

 

 

February 2012

Primary New Insurance Written ($ Billions)

 

$1.3

 

 

 

Beginning Primary Delinquent Inventory (# of loans)

 

174,418

Plus: New Notices

 

11,221

Less: Cures

 

13,168

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

 

3,974

Less: Rescissions and Denials

 

307

Ending Primary Delinquent Inventory (# of loans)

 

168,190

About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $172.9 billion primary insurance in force covering 1.1 million mortgages as of December 31, 2011. 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 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

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