Primary new mortgage insurance continued to drop and fell to $3.9 billion, according to MGIC Investment’s (MTG) September operational summery of its insurance subsidiaries for its primary mortgage insurance.
This is marginally down from $4 billion in August.
The month began with 64,805 loans in its primary delinquent inventory and ended with 64,642 delinquencies on file.
MGIC posted 6,660 new notices, which was offset by 5,445 cures, 1,286 paid-off mortgages and 92 recessions and denials.
The mortgage insurer also said it would post its third quarter 2015 financial results before the market opens on Thursday, Oct. 15, 2015.
For the second quarter, MGIC reported that net income for the quarter ended June 30, 2015 was $113.7 million, compared with a net income of $45.5 million for the same quarter a year ago.