MGIC Investment Corp. (MTG)

[tommiegun54]

1109(2.9%) DECLINE IN LOAN DEFAULTS IN AUGUST

MGIC is experiencing significant declines in their default inventory, as the hurricane damaged homes are cleared.

13863 defaulted loans have been cleared this year. MGIC started 2018 with 46,900. They now have only 33,037.I



MGIC INVESTMENT MANAGEMENT had this to say in their AUGUST 2018 MONTHLY operations report issued on September 11, 2018:

"There were 7,828, 7,042, 5,958, and 5,903 loans in our Primary Delinquent Inventory as of June 30, 2018, July 31, 2018, June 30, 2017, and July 31, 2017. respectively, that were located in the geographical areas that the Federal Emergency Management Agency declared Individual Assistance Disaster Areas as a result of hurricanes Harvey, Irma, and Maria, which occurred in August – September 2017".