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tommiegun53

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tommiegun53

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Tuesday, 03/28/2017 11:11:51 AM

Tuesday, March 28, 2017 11:11:51 AM

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AS OF FEB 17' $47MM INCR. IN NET CASH FLOW FROM CURE ACTIVITY

The increase in cash in First Quarter 2017 is primarily a function of increased cures as borrowers catch up on delinquencies, as income tax income increase. In addition, more cash is held since the holiday season is over.

In addition, borrowers tend to pay delinquencies as real estate home values increase, MGIC cites this relationship as existing since they started the PMI BUSINESS IN 1957.

As of February 2017, 1667 delinquencies have been cured, leaving only 48,616 loans in the delinquent inventory. The delinquent inventory is the lowest in 20 years.
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