Mortgage Guaranty Insurance Corp. (MTG), the mortgage insurance subsidiary of MGIC Investment Corp., wrote $2.4 billion in new primary insurance in July.
That is up from the most recent report on file for May, which shows $2 billion in new primary business for that particular month.
MGIC started July with 153,990 loans in its delinquent inventory of insured mortgages and concluded the 31-day period with 153,137 delinquent loans. Comparatively, the firm ended May with 154,973 delinquent loans.
The insurer received 11,915 new notices in July, but reported 8,737 cures, 3,772 paids and 259 rescissions and denials.
