MGIC Investment Corp. (MTG)

[tommiegun54]

AFTER RISING TO 46,556, MGIC DEFAULT INVENTORY DECLINES 5.2% or 2,419 IN MARCH

MGIC INVESTMENT DEFAULT INVENTORY falls from 46,556 to 44,137. MGIC seems to have started a process of lower DEFAULTS after being hit with higher notices of delinquency in November 2017.

Before hurricanes hit Texas and Florida in August and September 2017, MGIC and other PMI were riding a declining trend in NODs dating back over two years.

However, NODS declined 267 in February and 2152 in March 2018, reversing the trend of higher DEFAULTS. The first and second quarters are generally strong quartes for PMI COMPANIES.