MGIC Investment Corp. (MTG)

[tommiegun54]

3,979 DECLINE IN DEFAULT INVENTORY IN Q2 2018 FOR MGIC

MGIC INVESTMENT delinquent inventory declined by 1,581 LOANS in May 2018 and 2,398 in April bringing total defaults down to 37,264 for June ending second quarter.

Total Insurance In Force ended May 2018 at $199.3 billion showing a steady increase for the quarter thus far.

Total Paid claims for Q2 stand at 985 loans. Using average paid amount of $51,100 in Q1 2018 for reference, total claims would be approximately $50,300,000 versus $87.800,00, leaving an excess of $37.5 million.