Private mortgage insurer MGIC Investment Corp. (MTG) wrote $2.2 billion in new business in November, which is down from $2.6 billion in new insurance a month earlier.
Still, the month of November brought 9,801 cured delinquent loans, 3,673 paid off loans and 182 rescissions and denials of insurance coverage, MGIC said.
Despite seeing 10,527 new claim notices for the month, the company’s delinquent inventory fell from 146,282 at the beginning of the month to 143,153 by month’s end.
