MGIC Investment Corporation Schedules 4th Quarter 2015 Earnings Call and Releases Monthly Operating Statistics

Jan 11, 2016, 06:45 ET from MGIC Investment Corporation

MILWAUKEE, Jan. 11, 2016 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its 4th quarter 2015 financial results before the market opens on Thursday, January 21, 2016.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time to discuss the Company's results for the quarter ended December 31, 2015.

Individuals interested in joining over the phone should dial 1-888-453-6993 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company's website http://mtg.mgic.com under Investor Information. A replay of the webcast will be available on the company's website through February 21, 2016, under Investor Information.

MGIC also today issued an Operational Summary of its insurance subsidiaries for the month of December 2015 for their primary mortgage insurance.  The summary is also available on the company's website 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.

 



December 2015

Primary New Insurance Written (Billions)


$3.3




Beginning Primary Delinquent Inventory (# of loans)


62,445

Plus: New Notices


6,597

Less: Cures


5,258

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


1,070

Less: Rescissions and Denials (1)


81

Ending Primary Delinquent Inventory (# of loans)


62,633


(1)

Refer to our Form 10-Q filed with the Securities and Exchange Commission on November 6, 2015 for information about our suspension of certain rescissions and the number of rescissions suspended as of September 30, 2015.

 

About MGIC

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, 2015, MGIC had $172.7 billion of primary insurance in force covering approximately one million mortgages.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, 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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