Private-mortgage insurer MGIC Investment Corp.'s (MTG) inventory of delinquent loans fell in September from the previous month. Per The Wall Street Journal notes that:
MGIC's primary delinquent inventory of loans fell to 111,587 during September from 113,328 in August.
Primary new insurance written in September was down 14% at $2.5 billion from $2.9 billion the previous month.
MGIC reported in July that it swung to a second-quarter profit as the company incurred sharply lower losses and the number of delinquent loans declined to the lowest point in years.
