MGIC Investment Corp. (MTG): $208.5 BIL. INSURANCE BOOK MGIC, PREPAYS...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	1
Posts	512
Boards Moderated	0
Alias Born	05/09/2017

tommiegun54

Re: None

Thursday, 12/20/2018 12:32:26 PM

Thursday, December 20, 2018 12:32:26 PM

$208.5 BIL. INSURANCE BOOK MGIC, PREPAYS LOWEST 10 YRS

The recipe is baking steady revenues in coming quarters. At SEPT 2018 MGIC INVESTMENT had 80.1 persistency rate. PERSISTENCY rate is simply what percentage MGIC retains on the book in a years time.

[Bear in mind that MGIC has been reporting MONTHLY INCREASES in INSURANCE IN FORCE]

MORTGAGE NEWS DAILY reported this morning:
"BY: JANN SWANSON
Prepayment Activity at Recession Lows, Total Delinquencies Down YoY

Dec 19 2018, 4:05PM
Mortgage prepayment activity reached a 10-year low in November. Black Knight said, in its "first look" at the months mortgage data, that the character of prepays has been changing from a good indicator of refinance activity to one driven more by home sales.
With refinancing activity fading and home sales entering its usual slow season, prepays fell by 14.95 percent from the previous month and are down 33 percent compared to November 2017."