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MGIC Releases Operational Summary for September

In September, ""Mortgage Guaranty Insurance Corporation"":http://mtg.mgic.com/ (MGIC) wrote $2.2 billion in primary mortgage insurance.

MGIC, which is a principal subsidiary of MGIC Investment Corporation, also reported it began the month with 150,388 loans in delinquent inventory and ended with 148,885 loans due to 8,764 cures, 3,790 paid loans, and 257 rescissions and denials. The mortgage insurance giant also saw 11,308 new notices.

In August, MGIC ended with 150,388 loans in delinquent inventory and wrote $2.5 billion in primary mortgage insurance.

Headquartered in Milwaukee, MGIC is the largest private mortgage insurer as measured by $166.7 billion primary insurance in force covering one million mortgages as of the end of June, according to a release.

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