MGIC Releases Monthly Operating Statistics

Jun 14, 2010, 07:00 ET from MGIC Investment Corporation

MILWAUKEE, June 14 /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 May 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.

May 2010

Primary New Insurance Written ($ Billions)

$0.8

Beginning Primary Delinquent Inventory (# of loans)

235,891

Plus: New Notices

15,523

Less: Cures

15,385

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

 3,553

Less: Rescissions and Denials

   968

Ending Primary Delinquent Inventory (# of loans)

231,508

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 $207.1 billion primary insurance in force covering 1.3 million mortgages as of March 31, 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



RELATED LINKS

http://www.mgic.com