MGIC Investment Corp. (MTG)

[tommiegun54]

PERSISTENCY AT 10 YEAR HIGH

MGIC AND RADIAN TO BENEFIT

DELINQUENCY 19% below 1 year ago as of November 2018

MGIC REPORTED THEIR DELINQUENT INVENTORY WAS DOWN 28% YoY

Knight's First Look: November Prepayment Activity Hits 10-Year Low as Refinances Fall and Housing Turnover Sees Seasonal Decline
-- Prepayment activity fell 14 percent month-over-month and 29 percent year-over-year to its lowest level since November 2008
-- Historically, prepayments were driven primarily by refinance activity but, more recently, the primary driver has become housing sales
-- The last time the prepayment rate was this low - in the heat of the financial crisis - interest rates were above 6 percent and purchase lending had fallen by more than 50 percent in a 24-month span