MGIC Releases Monthly Operating Statistics

Dec 08, 2010, 07:30 ET from MGIC Investment Corporation

MILWAUKEE, Dec. 8, 2010 /PRNewswire-FirstCall/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today issued an Operational Summary for the month of November 2010 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 and by transfers of servicing between loan servicers.

November 2010

Primary New Insurance Written ($ Billions)

$1.4

Beginning Primary Delinquent Inventory (# of loans)

219,934

Plus: New Notices

16,066

Less: Cures

14,897

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

4,081

Less: Rescissions and Denials

998

Ending Primary Delinquent Inventory (# of loans)

216,024

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $197.9 billion primary insurance in force covering 1.3 million mortgages as of September 30, 2010. 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.  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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