MGIC Investment Corp. (MTG)

[tommiegun54]

PAID LOAN LOSSES DECLINE 810/$39.4 MILLION IN Q1 2018 VS 2017 FOR MGIC INVESTMENT

MGIC INVESTMENT loan LOSSES continued declining in Q1 compared to the same quarter last year. MGIC HAS paid $49,000 over the past several quarters PER LOAN LOSS. Using the average paid cost for loan mitigation, the total loan loss amount should approximate $80 million.

The total cost per loan loss should continue to DECLINE if US HOMES APPRECIATE in the future.

MGIC cleared about 5,313 loans from the defaults inventory in Q1 2018. Using the average reserve per loan, then MGIC should have approximately $109 million to cover loan loan outside of profit earned in quarter.

$109 million available reserves minus loan losses of $80 million equals extra reserves of $20.9 million. LOSSES incurred were negative in the fourth quarter of 2017.