MGIC Investment Corp. (MTG) reported a slight increase in primary new insurance for May 2015, rising to $3.7 billion, according to its operational summery of its insurance subsidiaries for its primary mortgage insurance.
This is compared to last month, which wrote $3.6 billion in primary new insurance.
The month began with 69,630 loans in its primary delinquent inventory and ended with 68,224 delinquencies on file.
MGIC recorded 5,705 new notices, which was offset by 5,764 cures, 1,300 paid-off mortgages and 47 recessions and denials.
These numbers are down from April, which started with 72,236 loans in its primary delinquent inventory and ended with 69,630 delinquencies on file.
