MGIC Releases Monthly Operating Statistics

News provided by

Sep 03, 2010, 07:00 ET

MILWAUKEE, Sept. 3 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today issued an Operational Summary for the month of August 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.

		August 2010
Primary New Insurance Written ($ Billions)		$1.2

Beginning Primary Delinquent Inventory (# of loans)		229,012
Plus: New Notices		16,197
Less: Cures		14,919
Less: Paids (including those charged to a deductible or captive)		3,984
Less: Rescissions and Denials		996
Ending Primary Delinquent Inventory (# of loans)		225,310

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 $202.4 billion primary insurance in force covering 1.3 million mortgages as of June 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