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MGIC sees fewer delinquent loans in August

Mortgage insurer MGIC Investment Corp.’s (MTG) inventory of delinquent loans dipped in August from the previous month, according to The Wall Street Journal.

MGIC's primary delinquent inventory of loans fell to 113,328 in August from 115,755 in July. Primary new insurance written in August declined 10% to $2.9 billion. MGIC reported in July that it swung to a second-quarter profit, incurred sharply lower losses while the number of delinquent loans declined to the lowest point in years.

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