Mortgage

MGIC writes $1.9 billion in new insurance

Private mortgage insurer MGIC Investment Corp. (MTG) wrote $1.9 billion in new primary insurance for the month of February, a slight drop from $2.2 billion a month earlier.

At the start of the month, the insurer recorded 137,847 delinquent loans, a number that eventually dropped off to 133,125 loans in late payment after a series of cures, paid off loans and rescissions and denials.

In February, 9,071 new claims were filed, and the insurer noted 10,532 loan cures. Another 3,107 loans paid off and 154 went through rescission and denial.

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