MGIC Releases Monthly Operating Statistics

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Dec 08, 2011, 07:00 ET

MILWAUKEE, Dec. 8, 2011 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today issued an Operational Summary for the month of November 2011 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.

		November 2011
Primary New Insurance Written ($ Billions)		$1.4

Beginning Primary Delinquent Inventory (# of loans)		179,824
Plus: New Notices		12,937
Less: Cures		12,691
Less: Paids (including those charged to a deductible or captive)		4,064
Less: Rescissions and Denials		315
Ending Primary Delinquent Inventory (# of loans)		175,691

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 $179.0 billion primary insurance in force covering 1.1 million mortgages as of September 30, 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. 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