MGIC Investment Corp. (MTG)

[tommiegun53]

CORRECTION: MGIC HAS BEST DEFAULT INVENTORY IN 15 YEARS NOT 20 YEARS

From SEC 10K 2001:
Default Inventory increased by 17K at December 31, 2001 to 54.7K.

"notice inventory increased from 37,422 at December 31, 2000 to 54,653 at December 31, 2001 and pool notice inventory increased from 18,209 at December 31,2000 to 23,623 at December 31, 2001.

Included in the notice inventory was
the bulk notice inventory of 18,460 at December 31, 2001 and 7,533 at December
31, 2000.
The default rate at December 31, 2001 was 3.46% compared to 2.58% atDecember 31, 2000. Excluding bulk defaults, the default rates were 2.65% and2.19% at December 31, 2001 and 2000, respectively. The default rate on bulk
loans were 8.59% and 9.02% at December 31, 2001 and 2000, respectively. "