MGIC Investment Corp. (MTG)

[tommiegun54]

PMI DEFAULT INVENTORY STATISTICS FOR MAY 31, 2021 DECLINE TREND CONTINUES

NMI HDGS.
APRIL 30, 10,060
MAY 31, 2021. 9,387
DECLINE 673
(7.2%)

RADIAN
APRIL 30, 45,679
MAY 31,. 42,802
DECLINE 2,877
(6.3%)

MGIC
APRIL 30, 45,101
MAY 31, 47,825
DECLINE. 2724
(5.7%)

ESSENT GUARANTY
EG decided to stop publishing monthly default statistics.

The PMI COMPANIES have established reserves in the event that delinquent inventory actually results in losses.

Those covid-19 pandemic defaults appear to be mostly curing. If, you take loans that been caught up and release the loan loss reserves for MGIC INVESTMENT based the April and May 2021, first two months of Q2 2021, MGIC would have additional cash flow/profit of **$132 MILLION**