Seeking Alpha

MGIC Investment June insurance in force up 7.2%, delinquencies down 13%

|About: MGIC Investment Corporation (MTG)|By: , SA News Editor

MGIC Investment (NYSE:MTG) insurance in force rose 7.2% in June to $200.7B from $187.3B a year ago, while flow-only increased 8.2% to $193.3B.

MTG ended June with primary delinquent inventory of 36,037 loans vs. 37,264 at the begging of the month. Ending primary delinquent inventory declined 13% from a year ago.

As of June 30, 2018, there were 7,828 loans in primary delinquent inventory located in areas that the Federal Emergency Management Agency declared individual assistance disaster areas as a result of hurricanes Harvey, Irma, and Maria, which occurred in Aug.-Sept. 2017.

Source: Press Release

Previously: MGIC Investment May insurance in force up 7.4%, delinquencies down 10.5% (June 8)