""MGIC"":http://www.mgic.com/ , the nation's largest private mortgage insurer, released its ""monthly earnings report"":http://phx.corporate-ir.net/phoenix.zhtml?c=117240&p=irol-newsArticle&ID=1692852&highlight= Tuesday, revealing $1.7 billion in new insurance written during the month of April.
[IMAGE] [COLUMN_BREAK]This comes after last month's ""announcement"":https://themreport.com/articles/mgic-sees-196m-in-first-quarter-net-losses-2012-04-23 that in the first quarter of this year, MGIC wrote $4.2 billion in new insurance.
However, the Milwaukee-based company sustained $19.6 million in losses for the quarter.
MGIC is still suffering from elevated delinquencies, though they did fall slightly over the month from 160,473 delinquent loans to 156,698 delinquencies recorded at the end of the month.
While 9,717 delinquent loans were cured during the month of April, 10,134 loans received new notices of delinquency.
MGIC's monthly report relies on information from its loan servicers, and therefore its monthly reports are subject to variations depending on the dates each servicer files its report, the number of business days in a month, and transfers between loan servicers.