Primary new insurance for June jumped to $4.5 billion, according to MGIC Investment’s (MTG) latest operational summery of its insurance subsidiaries for its primary mortgage insurance.
In comparison, last month wrote $3.7 billion in primary new insurance.
The month began with 68,224 loans in its primary delinquent inventory and ended with 66,357 delinquencies on file.
MGIC recorded 6,356 new notices, which was offset by 5,611 cures, 1,417 paid-off mortgages and 64 recessions and denials.
These numbers are down from May, which started with 69,630 loans in its primary delinquent inventory and ended with 68,224 delinquencies on file.
The mortgage insurer also announced it plans to release its second quarter 2015 financial results before the market opens on Thursday, July 16, 2015.