Primary new mortgage insurance once again dropped for the month and declined to $3.5 billion, according to MGIC Investment’s (MTG) October operational summery of its insurance subsidiaries for its primary mortgage insurance.
This is compared to last month, which posted $3.9 billion in primary new mortgage insurance, and August, which posted $4 billion in primary new mortgage insurance.
The month began with 64,642 loans in its primary delinquent inventory and ended with 64,156 delinquencies on file.
MGIC posted 6,359 new notices, which was offset by 5,561 cures, 1,203 paid-off mortgages and 81 recessions and denials.
