5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
Lending / The Ticker

MGIC writes $2.1B in new primary mortgage insurance

watch and money
/ Print / Reprints /
| Share More
/ Text Size+

Mortgage insurer MGIC Investment Corp. (MTG) wrote $2.1 billion in new primary insurance during the month of December and topped the month off with a lower inventory of delinquent loans.

The insurer started the month with 104,637 delinquent loans in its inventory, but recorded 7,259 cures, 2,445 paids and 158 rescissions and denials during the period.

The month also brought 8,980 new notices of delinquency.

After MGIC settled with Countrywide over GSE loans insured by the firm, it ended up removing 427 additional loans from its delinquent inventory.

By month’s end, the firm had 103,328 delinquent loans in its portfolio.

Recent Articles by Kerri Panchuk

Comments powered by Disqus