MGIC Investment Corp. (MTG)

[tommiegun54]

ESSENT GUARANTY LOAN DEFAULTS INCREASED 41.7% IN OCTOBER 2017

According to Essent Guaranty's SEC 10-Q SEPTEMBER 30, 2017, page 10, their loan DEFAULTS were up 898 in October.

Excerpt from ESSENT'S SEC 10-Q:

"These events(HURRICANES) have not materially affected our reserves as of September 30, 2017.

Loans in default increased from 2,153 as of September 30, 2017 to 3,051 as of October 31, 2017. Defaulted loans in the hurricane impacted areas represented 733 of the 898 increase in October.

As of October 31, 2017, 1,055 loans are in default in the affected counties representing 0.22% of our insured portfolio.

The impact on our reserves in future periods will be dependent upon the amount of delinquent notices received from loan servicers and our expectations for the amount of ultimate losses on these delinquencies."