MGIC Investment Corp. (MTG)

[tommiegun53]

JANUARY 2017 WAS ABNORMAL VOLUME AS RE BUYERS RUSHED TO LOCK LOANS BEFORE POTENTIAL RATE INCREASES

NOW, mortgage activity is dealing in February 2017, like it did in November and December 2017.

Patrick Sinks, CEO OF MGIC, has been telling analysts for several quarters, that he expect new insurance written(NIW) to decline in 2017 but, he expect the purchase to remain strong and persistently rate to increase to offset some of the decline in NIW.